- Drilling
- Fully permitted
4.3 Summary of NSR and Other Obligations The Property is subject to the following NSR obligations presented in Table 4-2 and Figure 4-2). Prism Resources Inc. holds a 7.5% net profit interest on the Aurora and Sunday Lake properties. Effective November 28, 2012, the Company bought back Goldcorp’s 1% NSR on the Mine Property for $1 million. Table 4-2 NSR Obligations Property NSR Amount NSR Holder Buy-out Option Blocks A through E except Block A North 1% Goldcorp $1,000,000 Blocks A through E 2% Franco-Nevada none Mine Property 2% Franco-Nevada none Purchased Claims (Individual) 2% Individual Prospector none Gowest 1% Franco-Nevada $750,0001 (1) The Company has the option to acquire 50% of the royalty on the Gowest property at any time up to the date which is one year from the date “Commercial Production” commences on the Gowest property, as defined in the agreement relating to the acquisition of the Gowest property by Trade Winds.