hondo, splitting the "net profit" is different......but "net" can be determined in a variety of ways........after tax, royalty and "conversion" variations.....it just does'nt matter....in our part of the world we care about what the market thinks (i.e. 20mil oz of gold)

in thier corner it's "how much can we soak the gringos for?"

in the end it comes down to the same conclusion for both socio-economic parties...

"how much can we make?"