io royalties, page-25

Panda
GDN owned the iron tenement, they leased it to Polaris, they sold it to Cliffs. Iron has never reflected a value in GDN's shareprice. It wont today either because GDN has no control over the deposit, its value or its development timeframe. Why would anyone place any value into a stock on the basis of this?

GDN has already received a $3 million prepayment for advanced royalty and spent it.

The arguement on this thread is what value iron royalties should play in rejuvinating today's GDN shareprice. The answer is it never has played a role and wont in the medium term.

My mate Wisdom wants people to focus on iron royalty as being gods gift to the GDN share price from today. It may well be in five - ten years but for now we can only rely on gas potential in Utah.