RE:2% NsrLookingforclues wrote: I am still confused over how much money one mite expect to receive...
e.g. per 1000 shares, per annum?
I realize it will be approximate! Ty
Net smelter royalty of 2%. So, we get 2% of the gold that comes out of the smelter AFTER the costs of getting the gold in to the smelter.
So, for example, if it costs $1000 to mine the gold and truck it to the smelter, and gold sells for $1500, we get 2% of $500, or $10 per ounce.
Say in one year we send 500,000oz to smelter x $500 = $250,000,000 x .02 = $5,000,000 divided by 50M shares = .10 per share, per year. If you had 1000 shares, you would get 100 dollars dividend a year.
If you send