I think the Royalty cap is as per item...
1) 10% 25,000oz max is 3.25 million
2) 4% 60,000oz max is 3.25 million
3) 2% 80,000oz + max is 3.25 million
Total income is 9.75 million
Ann: Bulletin to Receive Royalty Payments, page-3
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