HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Pardon my ignorance - NSR - heyyoo
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Jul 27, 2009 11:57PM
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Jul 28, 2009 12:12AM
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Jul 28, 2009 03:31AM

A Net Smelter Royalty applies to everything that is mined and sold.

The percentage is calculated from the income of the mined and sold material minus the cost of mining of that material (NOT including infrastructure, financing etc. costs).

FANTOMAS

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