Sunrise...Financing the Mine, page-72

Sally,

Have you read the "End Notes" of the Document link posted by You30Ate?

What do you think the following points from Note 3 and Note 8? Is "production payment" the total payment?

"Operating cash flow is based on cobalt spot prices of approximately $40 per pound of cobalt, estimated 2.6 million pounds of cobalt produced annually, a payable cobalt rate of 93.3%, production payment of 18%, and an assumed cobalt marketing fee."

"...2.1 million cobalt pounds (ii) sales price of $1,350 per gold ounce, $17 per silver ounce, and $40 per cobalt pound (iii) production payments of between $4.17 and $4.87 per silver ounce, between $393 and $425 per gold ounce, and $8.00 per cobalt pound (inclusive of 18% production payment and assumed marketing cost)"