Net Value. The Royalty Base applicable to Minerals produced from the Karasu Property, whether produced by in situ or solution mining, by mining ores and the extraction of Minerals by means of leaching, by milling or other extraction method. The Net Value of Minerals recovered in each month from Production shall be determined by the records pertaining thereto of the said refinery or refineries, and copies of their reports shall be delivered to Karasu monthly.
Appears in 1 contract
Sources: Lease and Operating Agreement (Black Sea Metals, Inc.)
Net Value. The Royalty Base applicable to Minerals produced from the Karasu Property, whether produced by in situ or solution mining, by mining ores and the extraction of Minerals by means of leaching, by milling or other extraction method. The Net Value of Minerals recovered in each month from Production shall be determined by the records pertaining thereto of the said refinery or refineries, and copies of their reports shall be delivered to Karasu Lessor monthly.
Appears in 1 contract
Sources: Lease and Operating Agreement (Texada Ventures Inc)