RE:RE:RE:RE:RE:Two Companies,Two Headlines, Two MetalsInteresting Trevali story. Thanks for sharing. And I'll check out firecracker74's posts.
I assume the offtake rights ("a right to acquire 100% of the offtake from the Assets on market terms") mean Santacruz is obligated to deliver its concentrate to Glencore smelters. So Glencore will get income both through 1.5% NSR and smelting fees. But the smelting fees would be the same at any smelter, so that doesn't reduce Santacruz's potential profit. RIght?
And the bottom line is that as long as one sees a silver / zinc bull market in the coming years, this is probably a good aquisition for Santacruz. If prices should fall, then not so good - but then again that's always a risk when buying assets.