not vested
This is one of the best gold stocks in the market
by Brian Weepie
Source: Stansberry Resource Report
http://thecrux.com/this-is-one-of-the-b ... buy-today/
One of the royalties Franco-Nevada added was a silver stream on the Antamina copper and zinc mine in Peru. Diversified metal producer Teck Resources operates the mine.
Antamina has been in production since 2001 but has a long way to go. Franco-Nevada purchased Teck’s interest in all of the silver at Antamina for $610 million.
At today’s prices, Franco-Nevada will get nearly all of its investment back when Teck produces the reserves (the silver in the ground that Teck can produce at a profit).
It will effectively get the resources (the silver that exists but may not yet be profitable) for free… And Antamina has two times more resources than reserves.
Users browsing this forum: No registered users and 1 guest