Royalties

Income from the Higginsville gold royalties are looking good.  The current gold price is A$1598.52, the higher it gets above A$1500, the greater the royalty income will be.

"- The starting level for price participation has been lifted from A$600 per ounce to A$1340 per ounce with an initial level of 12.5%, with an escalating participation from A$1500 to A$1900 per ounce."

Last year 144,212 oz were produced by the Higginsville Gold Operation.

http://www.abnnewswire.net/press/en...tructure_at_Higginsville_Gold_Operations.html

http://www.metalsx.com.au/system/announcements/599/20150209_Updated_Presentation.pdf