Ann: Talisman Receives First Wonmunna Royalty Payment, page-9

Possible, but i think the company without the royalty is fairly valued or undervalued given the 10m in cash and the current projects but that's just me. Any IO royalty we get is absolute cream on top.

IMO come July at the 5mtpa we're generating our EV in profit annually. No reason this isn't 50M+ at that junction. Anything comes through for a deeper feeder system at the copper project or they hit some of those historical 100g/t results from the lucknow lode and we're seriously promising.

You don't get many opportunities for sub 50m MC companies to potentially never have to raise capital again. You're are essentially free-risked and no risk of dilution unless for project acquisition purposes. It's an excellent opportunity and as such, i've probably drifted to top 20. Not that it is that hard and the registry is super heavy for the top10/15