GREY:RNKLF - Post by User
Post by
ProfBaIthazaron Apr 07, 2019 4:38pm
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Post# 29594116
The Perth Mint will not be processing ore ...
The Perth Mint will not be processing ore ... ... just the immediately available unrefined dore that comes out of the blasting ad hoc not attached to a rock. The appetite for buying boulders that need to be locked in a vault may be very low. That brings you back to the problem of processing ore. They have no toll processing agreement with anyone. Toll processing will require a net smelter royalty to be paid for pouring gold into dore bars. But, as we’ve seen in from MMX, RNX owes them all of the royalty formerly owed to GFI. A 6% royalty on all of the proceeds of the mine, including a net smelter royalty of 1.5%. This staggering royalty added to transportation costs to the distant mill will make any mine grading 5g/t more like 3.5g/t.