North American Palladium(AMEX:PAL)- PGM Producer Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elizabeth Andrews who wrote (513)	3/8/2000 2:21:00 PM
From: Kim Johnson	of 976

Elizabeth, You are correct about this being a "Net Smelter". I was wrong. I misunderstood this paragraph. 1998 Annual Report to Shareholders Royalty Agreement The Company is required to pay a royalty to The Sheridan Platinum Group ("SPG" ) equal to 3% of the defined Net Cash Proceeds up to December 31, 2000. Thereafter a royalty of 5% of the Net Cash Proceeds is to be paid until the expiration of the Lac des Iles mine leases. The royalty payment was a result of a global settlement between the Company and J.P. Sheridan et al in which the Company acquired 100% interest in the LDI mine claims. Sheridan gets about a million $$ per month for his interest according to a broker who follows PDL. The reports you are looking for can be found at; sedar.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next