The key here is unlike typical exploration companies that dilute...

The key here is unlike typical exploration companies that dilute holders to high heaven with CR after CR to fund new drilling campaigns and a share count in the billions - you get “free spins” here given the royalty puts them in a positive cash flow position. If they’re gona find anything on the existing tenement package I think it’ll be this year - they’ve been kicking rocks and doing surveys long enough now that they should have a decent idea where the minerals lay. Auger drilling just a cheap way to hone in on the most prospective targets to do deeper drill later in the year.

With a low share count and tight register no reason why this can’t fly to 50cps+ especially when you consider the royalty is likely worth ~15-20cps.