Hi babydoc,
Here is key paragraph from the announcement of TLM selling their stake in Monty to JV partner Sandfire.
”Sandfire to grant to Talisman an uncapped and perpetual 1.0% Net Smelter Return (NSR) Royaltyapplying to 100% of all contained copper and gold in ore mined and processed from within theSpringfield JV above the respective contained metal levels in the current Monty Mine Plan (based onthe Monty Feasibility Study released in April 2017) “
https://wcsecure.weblink.com.au/pdf/TLM/01989073.pdf
So that means we receive NO NSR on the metals contained within the Monty Mine Plan at that time. However we can receive a 1% royalty on any further discoveries on the area sold.
The bad news though is that whole DeGrussa mining operation is currently under ‘care and maintenance’. So until Sandfire deems that mining area economic again, don’t hold your breath for royalties from that source.
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