Eco Metals Recovery

35 EXAMPLE BD APPROACH P R I C I N G F O R O P P O R T U N I T Y ▲ EMR agree to grant a licence to a manufacturer in Australia. ▲ We calculate howmuch the opportunity is worth e.g. the ability to sell $50mm worth of equipment annually. ▲ EMR will value what the licence is worth based on this opportunity, and determine a percentage of that annual sales number, and calculate that approximately1% to 2% of the annual revenue will be the value of the one-time license fee depending on the competitive nature of the given territory. ▲ This process will then be replicated across the various targeted countries using this formula, backed by research and intelligence. ▲ EMR intend to invite the three/four top manufacturers in each region compete for the licence, offering it to all of them and decide who is the most aggressive and capable before issuing the licence, generating the upfront licence fee, and then the ongoing 20%/80% royalties for each sale. “Falling grades and production levels, a lack of new discoveries, and extended project development timelines are bullish for the medium and long-term gold price outlook.” Kelvin Dushnisky, President of Barrick Gold