Laserfiche WebLink
EXHIBIT 8 <br /> NET SMELTER RETURNS(NSR) <br /> Net Smelter Retur,is shall mean gross revent es received from the sale t)y JUBILEE of all ore mined from <br /> ttte Property and from the sale by 1UBILE_% of concentrate,dare, metal and products derived from ore <br /> min+�d frcrn the Property, after deduction of the folio-Vii-if;: <br /> a all smelting and refining cuts, sampling, assaying and treatment charges and penalties <br /> including but not 1 mated to metal losse,, Penalties for impurities and charges for refiring, <br /> selling and handling by the smelter, refinery or otner purchaser; and <br /> b, costs of handling, transporting, securing and insuring such material from the property or <br /> from a concentrator,whether situated cn or off the Property, to a smelter, refinery or other <br /> place of treatment, and in the case of gold or silver concentrates, security costs; and <br /> C. ad valorem taxes ar,d taxes based upon sales tar production, but not income taxes; and <br /> d rrrarketing oasts, including; sales commissions, incurred in selling ure mine from the Property <br /> and from concEl"itratP, d0n,, rretal and products derived from ore rained frorn the Property <br /> e ,all arrrowits arc, n US ;lollars <br />