Aug. 25 at 4:49 PM
$ELE the increased spot prices incentivizes our counter-parties to develop the resources we hold royalties on.
If gold is at
$2,500, it’s less likely a new project from our ‘pyramid’ comes online…
At
$4,500, all these mining companies are scrambling to find P&P resource in the ground somewhere, hence @cg1 keeps finding endless updates of our counterparties spending their money to develop assets within our various royalty footprints.