Archon Minerals Ltd V.ACS

Royalty Revenue

[ceosss]

The company received $815,532.48 from Ekati revenue for Oct 1 to Dec 31.  

https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00005481&issuerType=03&projectNo=02730279&docId=4259263

[schocor]

If I were a shareholder in this company - I would have serious SERIOUS question's about how these royalties are being recorded/paid. Archon should be getting HUGE revenues from the Misery pushback pipe - which has been mined over the last 3 years - millions. I know Archon did a deal with Dominion to reduce their royalty interest to 3.7% but MAN did they pull a lot of ore out of there before

[ceosss]

Schocor, Do you have any idea (best guess) how much this royalty will be worth to Archon per year going forward? 

[schocor]

That would be a better question for Archon than myself. There were a number of Changes to the ownership %'s that apply. My issue would be with the historical revenues that the company did not receive more-so than the future ones.

[ceosss]

Thanks.  Financials are due out in the next couple of days, it will be very interesting to see what the revenue numbers are.