GREY:RNKLF - Post by User
Post by
arh0070on Mar 13, 2019 4:26pm
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Post# 29481428
ROYALTIES
ROYALTIES It would be interesting to discover why the royalties on the beta hunt mine are so high .I took a look at the last financial report available online which was the sept 2018 report .About 10% of revenues were paid in royalties and was responsible for the financial loss disclosed .I was not able to discover why the royalties are so high .Presumably they must have been short of cash and sold it for money to operate the mine .In the March presentation on the mine there is no mention of these royalties .It does show when you take into account all the dilution that there are 500million shares out .Metallix will make money on the beta hunt even if the mine itself looses money .Probably in many ways the best and safest way to play the future potential of this mine .