RHK 4.88% 86.0¢ red hawk mining limited

Ann: Flinders signs option agreement with Todd Corporation, page-28

  1. 457 Posts.
    You can't work it out like this. You have to calculate the present value of the royalty stream. If you are assuming $0.80 with a 15% discount rate and 3 years to production and a 10 year mine life the value would be $76m. And 15% discount rate is too optimistic IMO
 
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