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Re: TMLonggun post# 2777

Sunday, 11/01/2015 9:02:32 AM

Sunday, November 01, 2015 9:02:32 AM

Post# of 47639
Interesting that the definitions are radically different. Your reference defines NSR as based on POG received minus production costs. Wikipedia says that the NSR is based on the POG received minus only the transportation and refining cost, which is, I think, what the smelter actually pays them.

Both points are moot since we'll apparently be receiving a Gross Smelter Royalty or GSR.

Dino