I think the best thing the company could have done is get rid of that royalty, it means we keep 100% of the cash flows, not having to be shared anymore, plus we can get better financing deals, and it would add like +10% to any NPV...massive news and well done to get rid of it. I suppose 6 million shares is a lot, but at least they are with someone that cant really sell!!!
Ann: Settlement Facilitation Agreement Termination Gold Royalty, page-11
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Mkt cap ! $35.43M | |||
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