Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-20

So, folks,

Have a read of this. Came across it while researching this streaming/royalty topic that I'm not familiar with: https://www.mckinsey.com/industries/metals-and-mining/our-insights/streaming-and-royalties-in-mining-let-the-music-play-on

Right now, methinks that management will take a strategy of least dilution and keep the SOI tight. With regards to royalty funding, it seems like a solid option (on face value), given it does not dilute us into oblivion, and assuming that any discount to current MOP price/tonne would still be at a price greater than the base estimates from Cenkos, Hannam and others (~US$385 is used by Hannam). In the end, funding will be a combo of strategies I reckon.

Thoughts?