GREY:RNKLF - Post by User
Post by
goldhunter11on Feb 25, 2020 9:06am
234 Views
Post# 30729901
Royalty rate negotiation and sorter
Royalty rate negotiation and sorterPosted on ceo.ca/rnx, post here for info.
Sorter can help both MMX and RNX to have a win-win for both sides. Feel free to check my math.
"...Two comments: (a) In the MMX benefit for BH. I believe there is a typo (the extra kilo before tonne should not be there, i.e. 45,000 tonne, rather than kt, unless I haven't got enough coffee this morning) So, MMX would get a royalty of 318 oz Au x 1600/oz = ~0.5M USD even at half the rate of 7.5% (=3.75%); (b) It would encourage RNC to get a sorter, so that they would get twice the amount of gold from the mill if the grade is increased to 5.86%, 45,000 tonnes x 5.86 gpt/31 - 318 = 8506-318 = 8188 oz (compared to 3839 oz at 2.93gpt). Extra profit for RNC = 8118 - 3839 = 4279 oz 1600 = 6.8M USD. That would be enough to buy a couple of sorters, one for BH and another one for HGO. "
GH11
---------------------