SJB
Excellent points
But
IMO
Tenements require significant cash
Like Esh stated
“The total liability under the gold stream royalty is at minimum 17,600oz, and at maximum 26,400oz. At todays gold price of A$1,642 that's a minimum liability of $28.89 million and a maximum liability $43.35 million (less the $1.759 million payment just made).”
Dyor
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