So AYN will get $10 mil upfront, then $6.50/oz for 15% of production for the life of Twin Hills/Gunyan?
So if we are aiming for 1.2moz/yr for 6 year mine life, the 15% is 1.08moz, 1.08moz x $6.50 = $7.02m, which means Metal Stream will have paid $17.02m for 1.08moz = $18.38/oz
With the other 85% still open for sale on the silver market
Is that how others understood this?
Ann: Funding Update , page-2
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