you have got gold, page-3

The beauty of the royalties is (for those with a long-term view) that RCO are fully funded for at least the next 5+ years of exploration and can keep the tight 53m share register with the only cap raising/share issue they'll need to do being for development when they find something. The build-up in cash may also put them in a position to pay dividends as has been mentioned before and they legally can as they will now be posting annual profits. Show me any other ASX listed company in a comparable position.