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' R I D E R <br />To be attached to and remain a part of Hiving Lease No <br />2989/16-5 <br />This schedule will apply to all ores in the following categories: Lode, <br />pegmatite, vein, metamorphic, hard rock, metals, placer, non-fissionable rare earths, <br />and any others chat may be included at the discretion of the Board. <br />The schedule will not apply to coal, asphaltum, oil, gas, fissionable minerals, <br />limestone, clay, sand, gravel, common rock, decorative rock, scoria, perlite, and <br />any others chat may be excluded at the discretion of the Board. <br />For listed ores mined, saved and removed from leased premises, Lessor reserves <br />and Lessee agrees to pay co Lessor a royalty based on the gross purchase price as <br />set out below: <br />GROSS PURCHASE PRICE on the open market shall be the gross price received by Lessee <br />or his agent for ores delivered to buying station or mill including any bonus payments, <br />transportation allowance, ~atc., before deducting actual transportation costs. For <br />determining royalty due, Lessee may use the weighted average sale price received <br />for all lots of ores sold to the mill or buying station during each calendar month <br />period. <br />CROSS PURCHASE PRICE, ca_otive market. If ores are shipped to a buying station or <br />mill wholly or partly owned or controlled by Lessee or his agent, the price paid <br />for the ores shall never bfe less than that paid to independent operators in the same <br />districts for ores of like character and quality. In the event no ores are being <br />purchased from indepeadent operators by the mill or buying station, then the basis <br />for GROSS PURCHASE PRICE shall be the market value of each ton (2000 lbs:) of ore ' <br />(as set out in the following schedule). For determining royalty due, Lessee may <br />use the weighted average value for all lots of ores delivered to mill or buying <br />station during each calendar month period. <br />Transportation or other charges shall not operate to reduce the State's applicable <br />royalty percentage. <br />CKPILES, DUMPS, TAILINGS, ETC., ON LEASED PREMISES: Unless otherwise agreed to <br />Lessor in writing, all material remaining on leased premises after termination <br />this lease shall be the property of Lessor. <br />ROYALTY SCHEDULE <br />PER TON (2000 lbs.) ORE VALUES ROYALTY DUE THE STATE <br />$ 00.00 to $ 50.00 _ 4S <br />$ 50.01 to $100.00 6Z <br />$100.01 to $150.00 SS <br />$150.01 and UP lOz <br />Lessee will furnish evidence that prices received for materials sold are <br />reasonable and fair. <br />