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clock Created with Sketch. 20/05/20
19:17
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Originally posted by CtMonteCristo:
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So ~58% in silver metal goes to the smelters. Not a very good deal. NCZ should renegotiate that ASAP.AUD$327.6 million Smelter 80% payable on AUD$327.6 million = AUD$262.08 million Take away $7.64 million (USD$5 million) primary debt facility for Varde = AUD$254.44 million AUD$42.41 million per year from silver production Now we give the 10% for 4 years back to Varde for additional debt facility = (42.41 x 10%) x 4 years = AUD$16.96 million So now we go back to the AUD$254.44 million and subtract the AUD$16.96 million = AUD$237.48 million Silver payment worth ~AUD$237.48 million for the life of the tailings deposit after deducting the smelter and finance arrangements.
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