RE: 5% Fair Market Value13 Jun 2020 17:31
This is not Newcrest's first Rodeo tho... note the royalty payments.
"Red Chris Mine
Red Chris Mine located in northwest British Columbia, the property is comprised of the Red Chris Main claim group and the
Red Chris South group, consisting of 77 mineral tenures (23,142 hectares). Five of these tenures (5,141 hectares) are mining
leases. Net smelter royalties between 1.0% to 2.0% are payable on production from the Red Chris mine.
After completion of the sale on August 15, 2019 of a 70% interest in the Red Chris copper and gold mine to Newcrest, the
Company and Newcrest have formed a joint venture for the operation of Red Chris with Newcrest Red Chris Mining Limited
acting as operator. Red Chris Development Company Ltd, a subsidiary of the Company, owns a 30% beneficial interest in
the Red Chris mine. "
Source https://www.imperialmetals.com/assets/docs/2020-Q1-FS.pdf