"EnviroGold expects the Las Lagunas project to produce 65,000 oz...

"EnviroGold expects the Las Lagunas project to produce 65,000 oz Au and 600,000 oz Ag per year for 6.5 years from early 2011 at a production cost of US$330 per oz Au. The project life could be extended by accessing numerous refractory gold deposits within economic transport distance of Las Lagunas, which are individually too small to justify a stand alone process plant.

EnviroGold will receive management fees equal to 2.5% of project bullion sales which are expected to total around US$450 million at current gold and silver prices."

Apologies in advance I have a real doofus question here: EVG gets the management fee of 2.5%, but who gets the proceeds of the bullion sales? Please don't beat me up - I have just read the last few announcements and I'm not up to speed yet, cheers.