RE:What ?This isn't correct. The NSR is on the gross amount of ore sold. So 4 million ounces at $1500 is 6 Billion...1/2% is $30 million....ir you assume $2000 over the whole mine life it's $8 billion gross and 1/2% is $40 million.....So buying back the royalty over the long term is a good deal....
I don't know for sure but I suspect that there was a time line on buying it back. A window to buy it back or be stuck owing Barrick for many years !/2% off the top
So the royalty is now gone and we have some change to continue exploration. Of course everyone wishes we were raising money at double the share price but that's out of the company's control...
The thing to be upset about is the obvious front running of this news...the shares were down when most miners were up....the crooks were shorting SKE stock and if they cover on Monday scalped a respectable one day flip prolit. Seems rather obvious someone knew about this in advance