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 (140)	2/10/1999 2:27:00 AM
From: Bart Hoenes	Read Replies (1) of 154

I may have interpreted the following part of their news release incorrectly, but I thought all mined ore also provided a royalty that is split between Pan Am and Oroperu. However, on re-reading the release, it seems ambiguous to me. Here is that portion of the news release. >> Pan American Silver and Oroperu Resources will retain jointly a royalty on all gold ounces discovered after a production decision and recovered in mining ranging from 2.0 to 4 per cent of net smelter returns depending on the prevailing gold price and on whether the ounces are heap leach recoverable or non-heap leach recoverable. <<

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