Nice writeup, but how did you come up with the 4.5bn analogy for the sale of FWZ to the Lundins? Is it simply looking at the filo sales price? Or have you actually compared the resources and businesses? FWZ seems like the obvious and sensible thing for the US and Canada to provide a concessional loan to if they want to establish a western world W supply, as the US has done with the sweet loan to Perpetua, but the threat of tariffs between the US and Canada complicated things.
They are still exploring for more reserves, so putting a price target is a bit premature, but I would have to guess that the best people in the business have good odds of choosing the best developments
Oh, since people here seem to like royalty companies, worth mentioning that elemental Altus picked up a royalty on the mactung deposit, so if you buy EAR for a largely Au/Cu royalty exposure, you get a secret W bonus.
Good point. I don't think so. Ben, you can message me here if you like and I can share some more thoughts on royalty companies and elemental. There's a lot of garbage.
Nice writeup, but how did you come up with the 4.5bn analogy for the sale of FWZ to the Lundins? Is it simply looking at the filo sales price? Or have you actually compared the resources and businesses? FWZ seems like the obvious and sensible thing for the US and Canada to provide a concessional loan to if they want to establish a western world W supply, as the US has done with the sweet loan to Perpetua, but the threat of tariffs between the US and Canada complicated things.
They are still exploring for more reserves, so putting a price target is a bit premature, but I would have to guess that the best people in the business have good odds of choosing the best developments
Oh, since people here seem to like royalty companies, worth mentioning that elemental Altus picked up a royalty on the mactung deposit, so if you buy EAR for a largely Au/Cu royalty exposure, you get a secret W bonus.
Is it possible to tag @theroiclub in the comments? A tungsten based royalty is right up his alley
Good point. I don't think so. Ben, you can message me here if you like and I can share some more thoughts on royalty companies and elemental. There's a lot of garbage.