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Message: Re: Smart money.
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Cal
Mar 26, 2021 01:25PM
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Mar 26, 2021 09:30PM

Excuse my ignorance here, but I struggle to understand the dept of this exiting deal. Should I understand this right, there was a company called Orion and this company owned a royalty to the Thacker Pass operation. And this company sold 60% of those rights to this British chap for $28 mil or so. Here is my problem: according to uncle google, the royalties for an open pitch mine is about 6% (or even more), Thacker Pass will sell 60k tons per year for 50 years. Are they trying to suggest, that  the NPV of those rights cost $28mil? Either Orion has lost its mind entirely or I am not seeing the whole picture. Should I take the face value of the deal, I fully understand why Mr. Trident is laughing all the way to the bank, it just does not make sense to me, so where I am getting it wrong?

 


Cal
Mar 28, 2021 09:51AM
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Mar 28, 2021 09:55AM
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Mar 28, 2021 10:45AM

Cal
Mar 28, 2021 03:59PM

Mar 28, 2021 04:26PM
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