Great Bear Resources Ltd. GTBAF

2% Nsr

[Lookingforclues]

I am still confused over how much money one mite expect to receive...
e.g. per 1000 shares, per annum?
I realize it will be approximate!  Ty

[captainpooby1]

Net smelter royalty of 2%. So, we get 2% of the gold that comes out of the smelter AFTER the costs of getting the gold in to the smelter. So, for example, if it costs $1000 to mine the gold and truck it to the smelter, and gold sells for $1500, we get 2% of $500, or $10 per ounce. Say in one year we send 500,000oz to smelter x $500 = $250,000,000 x .02 = $5,000,000 divided by 50M shares = .10

[awacs1]

The NSR is still pie in the sky. It was mentioned as a potential threat and teaser to retain support. That did not seem to be attractive enough to McEwen but his rational for selling is not easy to determine. In any event, the steady and methodical approach of CT is reassuring after the burn from RMX. Not sure if there is any real advantage to getting a MRE too early. That would serve only to

[IvanHoe86]

interesting RMC points, but it made me think, how does someone who is an insider in multiple companies and influential to the mining industry not fall into a trap of stock market manipulation / insider trading? He obviously will be promoting GBR to companies he has wotrked with and potentially also advises, and is invested in. How on earth can that not result in something unethical happening for

[lumpy13]

There is some misunderstanding of what GBR's 2% NSR is worth.  It is the price of gold, less the cost of smeltering it, times 2%, times the number of ounces produced.  Hence, say GRB produces 100k oz/year, with $1,500 gold and $100/oz smelter costs (actually, I have no idea of what are normal smelter costs.)   So the 2% NSR would be 100k x $1,400 x 2% = $2.8m/year. The