CE specifically mentioned that the further out you are from production, the more discount is applied to the royalty.
They purposefully raised just enough to complete the next 12-18 months of drilling and increasing the resource.
The fact that Osisko gave us much favourable terms of royalty than the other miner in the Q&A (forget the name) speaks volumes about their confidence & willingness to give us more had it been asked or required at this stage.
What i got out of it is that atleast we have the option of always going back to Osisko (who understands the fair HCH project value) for more money required for drilling etc instead of doing a dilutionary CR in future and killing the share structure in the process. CE even mentioned this i believe.
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