$4m+ annual exploration budget for a small cap with EV $12m?
I rather to get some dividends. If it can pay out 60%, on gross basis, it might be well over 4c/share, which is 10% of return at 35c/share. Not bad for a mining company.
After paying dividend, RCO still has $1.6m plus other royalties to do their fun things.
This what the royalty company is about, distributing the collected royalties to its shareholders!
Warning: RCO might pay your dividend in gold!!!. I am cool with it.
RCO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
