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Gold/Mining/Energy : Nora NXI on ME
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To: gmweber who wrote (288)1/15/1999 11:36:00 AM
From: John Stella  Read Replies (2) of 420
 
gn,

With the terms in the present contract, Namdeb purchases all of the production less a discount rate of 20.5%.

100% ownership = 100% of the expenditures = 100% of the net realized value (gross realized value less 20.5%).

Regards,

John
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