RE:NSR ValuationDoug... why are you calculating TUO's nsr with .49%, don't we have a .98 nsr on Area 1?
Market cap: Let's say 400k oz of gold is recovered per year from TC over a 20 year mine life, after all costs and smelting fees etc. 8 million oz. all told. Each year, .49% of the gold or 1960 oz. would go to TUO. ....At $2k per oz. $3.92 million per year. Since most will come from CS-600 we might need to take copper into consideration as well maybe 100 million lbs. of which 490k lbs. to TUO at $4 or another $1.96 million. About $.10 per share per year as income with no cost and no risk.