GREY:OREAF - Post by User
Post by
phoenix_traderon Aug 31, 2022 4:28pm
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Post# 34933637
Bankable FS done, build cost +$100 mill gets 237k Au annual
Bankable FS done, build cost +$100 mill gets 237k Au annualThis is a no brainer financable deal once the French Appeal court ruling upholding the lower court decisions is received + Suriname in the future.
All this for a $20mill market cap, place your bets folks.
Under 3% royalties and no 10% freebie to government like Africa nations.
Royalties, Agreements and Encumbrances The Project is subject to a 1.0% NSR royalty payable to Sandstorm Gold Ltd. There is also a NSR royalty of 1.8% on the first 2 Moz of gold produced and 0.9% on the next 3 Moz of gold produced on the Project payable to Euro Ressources, an 86%-owned indirect subsidiary of IAMGOLD Corporation. The state royalty on gold production payable in French Guiana are set on a yearly basis by articles 1519, 1587 and 1599 of the General Tax Code. There is a Municipal tax of €137.90/kg; a Departmental tax of €27.50/kg; and a French Guiana royalty of €672.01/kg, respectively