Post by
gjervis on Sep 04, 2013 2:40pm
Cashflow from 2.4% NSR according to Denver
According to Denver Harris, he said at current metal prices, the 3% NSR is worth approximately $4.5M/year, so for SND that equates to about $3.6M/year. He said this would increase is commodity prices increase especially higher Zinc prices.
Comment by
Einherjar on Sep 04, 2013 3:59pm
thx for the that...so we need 10 years to get our money back on this crappy deal
Comment by
Thundersole on Sep 04, 2013 4:02pm
3.6 million per year, that's about 11 cents per share. That's sounding better than the previous posted educated guess. Maybe they should start a dividend;).......