Replies to post #40368 on Cannon Exploration Inc. (fka CNEX)

[balihi]

You are welcome,and I am glad to be able to provide some answers,although they may not be perfect.

[cbrad10480]

Another chunk of money I have seen discussed on other mining boards
is called "Net Smelter Royalty".

These are usually negotiated before a J/V takes place.

http://wiki.answers.com/Q/How_is_net_smelter_royalty_determined

Bottom line, it affects your immediate income from the mine.



cbrad