Hi Lani, my understanding is it is one concession being Panga.As...

Hi Lani, my understanding is it is one concession being Panga.

As to the agreement I believe Blacksteel in this thread posted this.
So minimum $2,000 so work on if the company is doing 5,000 tonnes at grade (x%) royalty @ 7% (the company has stated the cost input into this equation) or if your model is more conservative use less tonnage and a lower grade. I guess it depends on how bullish/conservative you want to be but for me I like using a more conservative model. So for example use a conservative grade and take off (x%) of tonnage. Then you should get a ball park figure of what the revenue could look like going forward for this particular project.

If you want to then go off their announcements as to the fact they are looking at other concessions of 5,000 tonne you come up with a whole new picture.


Sorry I know you already have your model. I was just putting it out there for the people who like to read the posts so they can do their own models.