Ann: Significant Results from Drill Program at Hermes South, page-5

Also does anyone know how the details of the 1%NSR deal with Superior gold at Hermes will work?

From Superior on the TSX.


So projected output is 100,000 to 110,000 oz for 2018.
And from the recent Alchemy investor presentation:



So does this mean now that since annual planned production is over 70,000 oz (100,000/110,000) that after the first 20,000 oz Alchemy earns 1%NSR?

Or after production has totaled 70,000 oz that alchemy will earn 1% on the next 20,000 oz recovered? Because if so then this is only worth ~$250,000 to the company which is welcome but not huge...

The wording doesn't make it very clear IMO, but then again I'm not a smart man haha.