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bullforever

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bullforever

Re: TeamTOC post# 54866

Tuesday, 07/19/2016 8:32:19 AM

Tuesday, July 19, 2016 8:32:19 AM

Post# of 63744
It seems many like you misunderstand the "dore".

All of gold from miners is called Gold dore, so BAA sells 50% gold dore production to Baiyin means BAA sells 50% of its whole gold production to Baiyin for market price. So, BAA will save 50% sale cost yearly.

Also, you misunderstand the gold dore sale agreement and the loan. They are two different agreements. Loan will be paid by interest and principle, but dore sale is for income, not for repay of the loan.
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