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Franco-Nevada Afaho (Subika) - Franco closed this deal during the heart of the '08 crash from Newmont, paying $58 million for a 2% NSR on Newmont's Ghana property. The royalty becomes payable after 1.2m ounces have been produced, which will be towards the very end of 2011, start of 2012. While over 50% of total production have been within that which falls on Franco's royalty or approx. 250k annually (with the potential to optimize operations in the years ahead). Annual attr production will amount to about 5k ounces annually. Clash Of The Titans: Royal Gold vs. Franco-Nevada

    SECTION II. MY SON, before all things I admonish thee to fear God, in whom is the strength of thy undertaking, and the bond of whatsoever thou meditatest to unloose; whatsoever thou hearest, consider it rationally. For I hold thee not to be a fool. Lay hold, therefore, of my instructions and meditate upon them, and so let thy heart be fitted also to conceive, as if thou wast thyself the author of that which I now teach. If thou appliest cold to any nature that is hot, it will not hurt it; in like manner, he who is rational shuts himself within from the threshold of ignorance; lest supinely he should be deceived. Take the flying bird and drown it flying and divide and separate it from its pollutions, which yet hold it in death; draw it forth, and repel it from itself, that it may live and answer thee; not by flying away into the regions above but by truly forbearing to fly. For if thou shalt deliver it out of its prison, after this thou shalt ...

Formula: (Au, Ag) Lustre: Metallic Name: From the Greek ήλεκτρου for "amber," in allusion to its colour. A variety of Gold Gold-Silver Series. A variety of gold containing silver, usually with >20% of silver. from The Pactolus River beside the slopes of Mount Tmolus in the kingdom of Lydia was one of the most important sources of electrum in the ancient world. According to Greek mythology, the river acquired its electrum when King Midas of nearby Phrygia bathed in it to wash away his golden touch, which had turned even his food into gold, a telling parable about the destructiveness of wealth. In actuality, The Paktolos River acquired its electrum from electrum-laden quartz deposits near Mount Tmolos (called Mount Bozdag today). from