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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (18046)4/10/1999 9:21:00 PM
From: Dave M  Read Replies (2) of 26850
 
Red, WillP, anyone: what affect do a 4% gross overriding royalty and 2% net smelter return royalty have on projections for share value? I have not heard any discussion on this, we have discussed the angle of the drill and reduction in depth, seems like we should also consider the above as noted on page 16 of the circular.

Is my math correct? 6%x70% (+ -) = 4.2% royalty fee off the top.

Dave M
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