HIG has a 7% royality for being a prospect generator in PNG... I doubt BGS will receive anything under 20% for a free carried royalty given we possibly have a Dutch auction event with offtake partners and the like needing our resource.. Totally different to Gold been a "Price taker" What is a 'Price-Taker'
A price-taker is an individual or company that must accept prevailing prices in a market, lacking the market share to influence market price on its own. All economic participants are considered to be price-takers in a market of perfect competition, or one in which all companies sell an identical product, there are no barriers to entry or exit, every company has a relatively small market share, and all buyers have full information of the market. This holds true for producers and consumers of goods and services and for buyers and sellers in debt and equity markets.
