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Gold/Mining/Energy : EET Etruscan Enterprises T
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To: 1king who wrote (251)3/17/2005 1:05:46 PM
From: Salt'n'Peppa  Read Replies (2) of 281
 
So, at current production rates of approx. USD $7 million/quarter, Semafo's 80% will mean that Samira's capital cost will be recovered in another 8-9 months.
At that time, EET starts getting the full 40% of revenues.

That's not so long to wait for 40%, or approx. US$11 million/year in revenue.
S&P
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