DRR 1.22% $4.06 deterra royalties limited

These BD costs exists in any resource company of Deterra's...

  1. 692 Posts.
    lightbulb Created with Sketch. 104
    These BD costs exists in any resource company of Deterra's size or more - it's just they are obscured behind much greater expenditure in other areas.

    You could make the same argument that FMG, BHP or ILU should shutter their significant strategy / BD costs.

    I get the argument but I'd rather they be patient. If other market players judge these cost to be extravagant (I dint think they are) then they will apply a 10x multiplier and value them as a synergy
 
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