Oroperu Resources, Inc. OROP (CDN) Message Board

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Gold/Mining/Energy : Oroperu Resources, Inc. OROP (CDN)

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To: rjbac who wrote (115)	11/10/1998 1:31:00 PM
From: Bart Hoenes	Read Replies (1) of 154

Oroperu gets the following, IF the buyout is completed: US$16.0 million from terms of buyout this basically represents US$20/oz valuation of a 1.5 million oz reserve + US$ .67 million savings of land holding costs + 1/2 of US$20/oz or US$10/oz for reserves over 1.5 million oz depending on the type of recovery + 1/2 of 2% - 4% royalty on all gold recovered depending on type of recovery and the price of gold Should OROP have gotten a higher valuation for the reserves? They really are unable to develop this property on their own. If there is 2 million ozs there, they can get an extra 1/2 of US$10 million.

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