Worth mentioning that rightly or wrongly, royalty income is generally viewed by the market as worthy of some pretty steep valuations. Holders shouldn't simply assume that if we are paying out a 35cps of royalty income to shareholders, that it will mean that we'll be getting valued on a yield that is consistent with the broader market.
I'd say that what is much more likely is that under that scenario we'd get priced on a very very low yield.
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