Royalty retained $0.50/t produced, after the first 10Mt. ▫...

Royalty retained $0.50/t produced, after the first 10Mt. ▫ Central Pilbara location. ▫ Resource estimate 343.2Mt @ 54.5% Fe. ▫
A Royalty of $40 per ounce on the next 61,914 ozs of gold produced. B) A 2% Royalty on production after the Royalty in A) above has been
Resource sold to Mineral Resources Ltd. ▫ Cazaly received $20M in cash. ▫ Royalty retained $0.50/t produced, after the first 10Mt. ▫ Ore to be processed ...

The Unheard of a Royalty for an explorer. this is why i think CR wil be low and only needed when they get a big hit needing big spend so hang around for the explorring success with little dilution, And then there is the fact that these guys have lots and lots of green fields exploring to do in lots of locations so it increases the chance for a nice hit. If you wait for the hit to get in then you will be paying x3.

I get it that it disappoints if it goes slowly but its a long game and i like leaving 20k here as a long bet.