From Foster Stockproking research report
http://www.fostock.com.au/
Altura Mining (AJM) royalties to bolster cash flow in FY19e: 5% gross sales royalty to AGO from AJM’s Pilgangoora production expected to generate ~$5M cash per year from FY18e onwards. We estimate ~A$50M value from the royalty stream.
AJM royalty to Atlas Iron (AGO), page-18
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