BCN 4.55% 2.3¢ beacon minerals limited

Ann: Beacon Acquires Interest in the Lady Ida Gold Project, page-59

  1. 163 Posts.
    lightbulb Created with Sketch. 58
    There is no management fee after 72500oz because then we will own 100% of the project. I dont think it would be calculated using a different cost figure either. If we assume the costs are $1837/oz and gold price $3100 then:

    Acquisition price: $500,000Revenue share paid = 36250 oz * (3100 - 1837 cost * 1.05 management fee) = $42,954,187.5

    total: $43.4mil

    plus the 4% royalty of course
 
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