Marginal royalty rate is 20%. Meaning, inflation pushes the gold price up over time, and the average royalty rate trends towards 20% over time too.
The chart shows $2000 USD gold price has an average 12.5% royalty. $2400 USD price today would be more like 15%.
The royalties eat up 20% of any gold price increases from here (or above $1500), because we're already at the maximum marginal rate.
BUYBACKS ROSS - with every last cent, close the VIP door for good, page-826
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.51 |
Change
-0.010(0.66%) |
Mkt cap ! $387.9M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.56 | $1.50 | $296.7K | 195.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5074 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 7774 | 7 |
View Market Depth
| Last trade - 14.11pm 29/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |