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1/ The story of #CoralGold $CLH.V sale of the Robertson project to @BarrickGold is very interesting. CEO David Wolfin describes the details in 2016 interview with Jay Taylor that I found very helpful:
2/ The key consideration for Barrick's business development committee is the IRR against a baseline gold price. When negotiating the sale of the Robertson, Barrick needed the project to meet a 15% IRR at $1,250 gold.
3/ In the 2016 interview with Jay Taylor, Mr. Wolfin describes how he negotiated for the royalty to be set as high as possible at $1,250 gold and then to increase with each $200/ounce increase in the gold price up to a maximum 2.25% NSR.
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