The way I see the royalty raise is that its 'dilution postponed' i.e. the greatest effect on SP will be after production starts.
That's excellent in my view, and for an exploration company with absolutely heaps of drilling to do cash is king, so take it when it is available.
That's IMO - make up your own mind.
The way I see the royalty raise is that its 'dilution postponed'...
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