SPR 6.60% $1.35 spartan resources limited

What's the estimated market value of the royalty? Probably 15*...

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    https://hotcopper.com.au/data/attachments/6284/6284027-2dc033918a38600aaa672470ea16cc1a.jpg



    https://hotcopper.com.au/data/attachments/6284/6284017-4d23bba1b6d4c65f881cfdcc134d5613.jpg

    https://hotcopper.com.au/data/attachments/6284/6284012-2443c1e90885cec317a2ac054c31a920.jpg

    https://hotcopper.com.au/data/attachments/6284/6284015-dc6e9efc39697e6e82a04e431fb44a9d.jpg


    What's the estimated market value of the royalty? Probably 15* the original debt amount (Tembo 6.3m, Delphi 2.5m) and rising!!!
    https://hotcopper.com.au/data/attachments/6284/6284040-c35463681fc4418dc2a409eab5c6dc67.jpg

    Royalty is paid on gross revenue, not net revenue after costs making it a much more valuable royalty.

    10 Year Mine Life
    150,000 oz per year
    1.5m ounces
    1.5m ounces * 3.5k gold price
    Gross Revenue = 5.25 billion
    Tembo 5.25 billion gross revenue * 1.8% = $94,500,000
    Delphi 5.25 billion gross revenue * 0.7% = $36,750,000


 
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