re: Ann: Royalty Restructure at Higginsville ... My assessment was royalties were overstated by a magnitude of 3-4 times.
It looks as though the agreed rate is far more sustainable.
Details are just surfacing; the 600 original hurdle agreed more than a decade ago reflected much lower marginal production costs which have almost doubled in that time
Broadening the royalty asset base also seems sensible for sll parties: shouldn't distort capital allocations in future.
Jaysus the HGO acquisition is looking.like buy of the century!
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