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amayapampa npv anyone?, page-57

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    Yes the arrangement with Vista Gold is as follows :
    (From company announcement on 7th April 2008)
    ..........................................................
    The Company pays Vista Gold no cash upfront and will pay three equal payments of US$1M,
    the first once commercial production has commenced at the Project and then on the first and
    second anniversaries of this occurrence.
    The Company will also pay a graduated royalty to Vista Gold according to the following table.
    Gold Price: US$/oz Royalty Payable to Vista Gold
    $500.00 or less 0.00%
    $500.01 to $650.00 2.00%
    $650.01 to $750.00 3.00%
    $750.01 and above 3.50%
    The royalty is capped to a production maximum of 720,000 troy ounces of gold.
    ...........................................................

    So presently with the gold price above $750 then RAU would pay Vista a royalty of 3.5% on whatever gold was produced up to a total of 720,000 ounces of gold.

    Hope that helps on that point
 
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