Net Milling Royalty

Net Milling Royalty. The amount received from any buyer of the concentrates, ores or mineral and rock products removed from the Claims after deducting the costs of milling, beneficiation, refining or other processes collectively called milling that is required to produce saleable products, and actual freight or haulage charges from the mine or milling facilities to the buyer or to any other type of processing facilities or plants;