Replies to post #14006 on Banro Corp. fka BAA

[VSAStory]

Namoya gold streaming sale is Capped at 12,000 oz per year or 10% of a max production 120,000 oz
Even if this was "paid" or "due" monthly it would only be a max of 1000oz per month.

[VSAStory]

10% of production is 10% of production. Period.
Whether it is monthly or annually is the same.
Yearly-
120,000 oz per year x 10%
or 120,000 x .1 = 12,000
Monthly-
10,000 oz per month x 10%
Or 10,000 x .1 = 1,000 x 12 months = 12,000.
Regardless, the agreement clearly states that the Namoya streaming deal is CAPPED at 12,000 oz per yr.

[VSAStory]

It's capped at 12k/yr...
Gold stream transaction involving the payment by Gold Holding of a deposit in the amount of US$80 million and the delivery to Gold Holding over time of 10% of the life-of-mine gold production from the Namoya mine (or any other projects located within 20 kilometres from the current Namoya gold mine if the gold is processed at the current Namoya processing facility). The amount of gold under the Namoya transaction is subject to a maximum of 12,000 ounces per year.