Ironically this will be another revenue stream as AGO get a 4% royalty for the first 5.5m of iron ore concentrate produced at Todds magnetite project plus 4% on titanium byproduct for first 200k tonnes. After that the royalty drops to 1% on next 36m tonnes and 1.2m titanium.
AGO Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held