That's a good way of looking at the royalty if it had just happened .
The monies Cartesian loaned the coy is long gone with no production of gold . The sp went to 2 cents and the previous Board were very luckily retired .
The new board had to do a drastic private capital raise to save this Coy and so far have done a good job at resurrecting this coy to the current sp and market cap .
Under these terms the Cartesian deal is more like an anchor to the current BOD but with profitable production in the near future; is manageable.
This is why long term holders are waiting for and know that HM3 result is critical to our immediate future not to mention SP .
But I think your investment will be OK .
IMO
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