re: royalties mmmmmmmmm
i got a email from john , yes correct
Greater Pacific Gold Ltd was originally incorporated as Riverina Gold Mines NL about twenty years ago. Its main asset was a group of tenements at Riverina (out of Menzies) known as the Davyhurst project. These tenements were disposed of by the company more than ten years ago and there is a 6% net royalty on any gold produced from these tenements once the first 100,000 ounces has been produced. Currently approximately 68,000 ounces has been produced. The Sunraysia project that Monarch are talking about forms part of the tenement group subject to this royalty
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