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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: Recap if you missed it
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I don't think there is a difference. From Franco-Nevada's website (Gold Royalty Company):

Net Profit Interest ("NPI") or Net Proceeds Royalties ("NPR") are based on the profit realized after deducting costs related to production as set out in the royalty agreement. NPI or NPR payments generally begin after payback of capital costs. Although the royalty holder is not responsible for providing capital, covering operating losses or environmental liabilities, increases in production costs will affect net profit and royalties payable. Link: http://www.franco-nevada.com/assets/types-royalties

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Jan 27, 2013 12:12PM
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