Moydow Mines fka MOY

[Ed Monton]

I think it was Bayview who came up with the $7 million figure:


#msg-866840


The way I see it, there are already 1.1 million proven oz on the property. It isn't a stretch to figure that Newmont will eventually bring that up to 2 million.

(2 million oz) x (US$320/oz) x (2%) = US$12.8 million

There may be some tax on this to the Ghana government.

The money from the NSR will come in over the life of the mine. Maybe it will kick in in 2005 and last for 10 years? I wouldn't expect it to enter into the stock price but it will provide income to finance exploration in the future.