Good News and a Good DealFrom my vantage point -- good news and a good deal.
There are only so many ways to find the money to build the mine. Equity dilution... debt... a streaming deal.
Remember that there is a gigantic difference between (1) a junior with the promise of a mine, and (2) a mine in production. True Gold is going to reach the finish line -- plenty of exploration and development companies don't.
Second, Franco Nevada providing the bulk of the funds -- the cadillac of the industry. This is the good housekeeping seal of approval for the project.
You get the thing built -- you pay them back and you start putting dollars in your own treasury. Over time, you extend the life of the mine, you find other deposits. You build the company into something real -- something large, over time.
This is THE major milestone in the history of company and shareholders should be delighted.