Mine Value definition
Mine Value means the amount received F.O.B. the mine site by MRS from any purchaser in payment for the Ore, Concentrates, or other first salable product mined from the Premises and sold, less government severance, sales or production taxes (other than any based on net income), third party royalties, sales commissions and any other expenses borne by MRS in connection with the sale of such Ore, Concentrates or other first salable products. In the event such Ore, Concentrates or other first salable products are shipped to a mill or other treatment facility owned and/or operated by MRS, the F.O.