AW1 4.00% 13.0¢ american west metals limited

Absolutely, 2025 is now paid for and we have institutional...

  1. 2,245 Posts.
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    Absolutely, 2025 is now paid for and we have institutional interest. With CD fund that makes 2 instos now who are interested and very high conviction on us moving to production.

    The one bearish point I would mention here is that it's not a NSR but rather a GOR (see below for details)

    https://www.miningstockeducation.com/wp-content/uploads/2018/11/Primer-on-Royalty-Companies.pdf

    However not a bad deal by any means and a pretty fair deal for both parties all things considered. Very excited to see results this year from the infill program. I think it will surprise and the near surface stuff might get pretty big. That buys us a lot of time to search deeper.

    The best point out of this is the line here:

    Taurus will have the right to match any royalty or streaming transaction associated with the Storm Project up until 12 months following the declaration of commercial production at the Project.

    I would love to hear other people's thoughts on this.
    Last edited by Giovanni33: Monday, 15:35
 
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