The royalty is valuable, but the question is what % of the MC does it sustain. Rest is exploration upside (which is highly prospective).
However barring news coming out I think it trends down purely based on the reasons others mentioned above and tax time, people are in profit and will lock it in. I'm buy and hold so not personally doing that, but if this got to a more reasonable MC I would add to my position. Not stressed either way.
Ann: Strong Copper-Gold and Base Metal Intercepts Confirm Signifi, page-35
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