1% royalty with an expected 2.08Moz (as per your quote SoWo ) -...

_{1% royalty with an expected 2.08Moz (as per your quote SoWo ) - so if Capricorn reach the extra 2mill at Mt Gibson and we assume $2650 pog net smelter ? Also not sure what else they pulled out of the ground at Gibson. Im basing this only on Gold
Then thats a further $53mill on the sale ?? bringing the Mt Gibson purchase to $100mill ??
Still cheap if im doin my caculations correctly.
I think this is one for you Joalstar . let me know how I went. ;o)}



Capricorn will pay $29.2m (A$39.6m) in total consideration for the Mt Gibson tenements located approximately 280km north-east of Perth in the Murchison, Mid-West region.

This includes $18.8m (A$25.6m) in cash and $10.2m (A$14m) in the form of 7.65 million fully paid ordinary shares in the company, representing 2.1% of its capital.

The company will finance the cash portion by a $14.7m (A$20m) drawdown on the Macquarie Bank debt facility along with current cash reserves.

Capricorn will also grant a 1% net smelter royalty (NSR) on all minerals produced from the project area, including gold production of more than 90,000 ounces.