Redemption Calculator
DETERMINE ETR ENTITLEMENT TO SILVER
PHYSICAL REDEMPTION
Based on above entitlement to silver calculation.
# of tubes of 1 oz SML coins (1 tube=25 SML coins):
= 43 fabrication fee =
$75.00
# of silver 100 oz bars:
= 1,533 fabrication fee =
$1,350.00
# of London Good Delivery bars:
= 3,407 fabrication fee =
$500.00
PHYSICAL REDEMPTION TOTALS:
Physical Redemption Fee: | $72.67 |
Fabrication Fees: | $1,925.00 |
Total Fees: | $1,997.67 |
ETRs required for silver products: | 4,983 |
ETRs to cover fees: | 108 |
Total ETRs required: | 5,091 |
Remaining ETRs: | -91 |
Cash for remaining ETRs: | ($1,684.41) |
CASH REDEMPTION:
Based on above entitlement to silver calculation.
Approximate Cash Value: | $92,554.42 |
Cash Entitlement (95%): | $87,926.70 |
The cash redemption price (the "Cash Redemption Price") per ETR paid by the Mint is equal to 95% of the lesser of (i) the volume-weighted average trading price of the ETRs on the TSX for the last five trading days prior to and including the Redemption Date, and (ii) the net asset value ("NAV") per ETR on the Redemption Date. The NAV per ETR on any day is determined by multiplying the Per ETR Entitlement to Silver by the Silver Price on that day.
These are estimated figures. Actual values may differ.