RE:RE:ngdthe stream terms are very good for NGD in my view.
Let`s hope management is smart this time and spins off a stream&royalty co-
if not this needs some activist investor. imidiate double then...
however, those is more valuable than the 190mm cash
"
- A gold stream on 8% gold produced from Blackwater, reducing to 4% of gold production once approximately 280,000 ounces of gold have been delivered to New Gold. The stream is subject to a transfer price equal to 35% of the spot gold price;
- In the event that agreed upon production targets at Blackwater are not achieved by the 7th, 8th, or 9th anniversary of closing of the Transaction, New Gold will be entitled to receive additional cash payments of C$28 million on each of those dates; and