The $1.24m received during the quarter related to the sales from 1st December to 28th February. The $760k relates to March sales alone but received in April.
At that run rate we can anticipate $2.28m royalties for this quarter.
As others have alluded, this is as near as you get to a totally risk free exploration play.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4
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