Good question. I have no insight. The right royalty level clearly depends on cost structures. If it's not that profitable to extract gold, a high royalty would deter capital investment. We can't tell whether the rate is sensible without knowing something of costs.
Good question. I have no insight. The right royalty level clearly depends on cost structures. If it's not that profitable to extract gold, a high royalty would deter capital investment. We can't tell whether the rate is sensible without knowing something of costs.