clarification, page-4

yes he is,
here is the production, deal...but more interest in the sustainable % of copper that the mine/project has and what MNE discover further,...

• Minimum monthly payment of US$2,000 per month, per concession.
• The first US$200,000 of revenue per month will be subject to a 10% royalty.
• Every subsequent dollar of revenue over US$200,000 per month will be subject to a 5% royalty.
• Royalty payments will be made in lieu of the minimum monthly payment when royalty payments exceed US$2,000 per month.
• Mining Group will be liable for the minimum monthly payments from January 2014.
Therefore on monthly revenue of US$500,000, the total royalty would be calculated at 7%. On monthly revenues of US$1,000,000, the total royalty would be calculated at 6%.