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0.00% 0.1¢ alcyone resources ltd

Ann: Funding Update , page-2

  1. allaussie
    571 Posts.
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    17/05/13
    14:41
    Post #: 11777341
    So AYN will get $10 mil upfront, then $6.50/oz for 15% of production for the life of Twin Hills/Gunyan?

    So if we are aiming for 1.2moz/yr for 6 year mine life, the 15% is 1.08moz, 1.08moz x $6.50 = $7.02m, which means Metal Stream will have paid $17.02m for 1.08moz = $18.38/oz

    With the other 85% still open for sale on the silver market

    Is that how others understood this?
    AYN Price at posting: 0.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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