Second Conclusion -

PROCON is 60% owned by the Chinese. So obviously, they're anxious to draw gold out of the latest agreement, and profit.

So they are being prepaid $114m. for a year of operations in unrefined gold.

This would be 30% of the total cash flow. If you count on $1250/oz., as has been mentioned, then total production is estimated around 270,000 oz. per year.

But $CAD gold prices have maintained an average over the last 89 weeks over $1500/oz. GBN.H is paying a staggering discount of 20%, just for operations. That means Sprott and The Mint also get absolutely staggering discounts of 20% or more.

But absolutely nothing for the beleaguered shareholder, hanging on for dear life, who does not participate in the ownership of the stock or profits in mining gold.

http://schrts.co/SjVmr7

-F6