RE:RE:RE:RE:RE:Providence Gold Mines 10% to the owner AFTER all expenses, NOT before. Go read the news release.
https://www.providencegold.com/news/net-profit-interest-agreement-signed-for-stockpiles-re-processing/
The Company will pay a net profit interest (NPI) of 10% to the Ellers Family Trust for such processing or reprocessing of numerous stockpiles.
On another note Kirkland Lake just announced a life of mine PR for Detour Lake, using a grade cutoff of .5 g/t. They have to drill/blast before they can process such ore, PHD only has to scoop up the stockpile material and feed it directly into their crushing/processing circuit.
My figure was before expenses. Processing costs won't amount to much, mostly labor and diesel fuel. plus the rental of the equipment. We don't yet know if they are doing lease to own or outright purchase, although I don't see how they can affored purchase right now.
I'm not saying they are going to get rich off this, but there is significent potential cash flow lying in the ground that could generate more funds they don't need to raise by doing yet another stock offering, especially at these low prices.