Agoracom: Small Cap Investment - Noront Resources - Re: Pardon my ignorance - NSR

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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FANTOMAS

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Re: Pardon my ignorance - NSR - heyyoo

in response to

Pardon my ignorance

heyyoo

posted on Jul 28, 2009 04:57AM

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).