Marginal royalty rate is 20%. Meaning, inflation pushes the gold price up over time, and the average royalty rate trends towards 20% over time too.
The chart shows $2000 USD gold price has an average 12.5% royalty. $2400 USD price today would be more like 15%.
The royalties eat up 20% of any gold price increases from here (or above $1500), because we're already at the maximum marginal rate.
BUYBACKS ROSS - with every last cent, close the VIP door for good, page-826
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$1.32 |
Change
0.030(2.33%) |
Mkt cap ! $340.2M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.33 | $1.28 | $242.7K | 184.3K |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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