Teuton Resources Corp V.TUO

A 1 % royalty on 50 million oz. equates to 25 ooo oz.

[Galaxym31]

per year for 20 years . 25 000 x2000.00 $ = 50 million $ per year , can this be accurate ...

[highper]

no it is not accurate... it is a 1% royalty on the smelter return. NSR = Net smelter return. The cost of mining the gold would be deducted off your number for sure.... 

[Olympia2]

Assumptions:  We anticipate that 90% of the gold in a resource will be recoverable.  Of that remaining 90% we then deduct an estimated 10% for cost of transportation of concentrate to smelter and smelting costs.  These are the only significant deductions allowed when calculating an NSR.  Other items such as cost of mining, cost of milling, operating expenses, administrative

[Fabe]

That's my understanding too. That's also how Teuton through it's e-letter presented the significant potential/ value of its TC NSR... TC NSRs are literally pure gold :-) :-)