Ash,
Thanks for the insight.
Regarding Q4) Does demand dictate royalty revenue or does supply. Im under the impression that royalty is underpinned by conversion of ground mineralisation to product to market.
Unless you're implying IO in WA will close down rather than do what it has done in the past and proceed to over supply markets.
Keen to hear your thoughts.
Questions re the Deterra Royalties demerger, page-45
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