GREY:RNKLF - Post by User
Comment by
Farquaron May 13, 2020 10:12am
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Post# 31021698
RE:royalty
RE:royaltyRNX is under no legal obligation to mine beta hunt. So MAV can shove that 7% royalty , you know where! Forget about the gold boulders, for the moment, why would RNX not abandon mining Beta Hunt at 3 grams when they could easily run 3 grams or more from a whole host of other deposits on their properties and not have to pay that 7% royalty?!! If RNX management announced that they were switching the ore from a better source , like spargos for example, with a much higher grade ,say 4 grams with ZERO royalty payments, arh0070, do you truly believe that the share price of RNX would drop to 10 cents ?!! Haha. . Are you on the MAV payroll or something? Lol Another thing RNX could do , is just mine for the big boulders to supplement ore from a zero royalty deposit...This way, RNX would only have to pay a 7% royalty on super high grade super low cost gold and pay zero royalty on all other production going through the mill ..