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Re: printmail01 post# 2763

Wednesday, 12/29/2010 9:40:46 PM

Wednesday, December 29, 2010 9:40:46 PM

Post# of 4492
The royalty agreement provides for a minimum obligation to be paid in monthly payments over a total of 400,000 ounces of gold, or 4,167 ounces per month over an initial eight year period. As of September 30, 2010, payments had been made on a total of 70,764 ounces of gold with further payments to be made on an additional 329,236 ounces of gold

you do the math
329236 ounces Gold x $1300 = $428,006,800
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