RE:RE:RE:RE:Avoid those Royalty Deals Thats true, but my other concern is this, other Royality Trusts have many many companies that have contributed land and are developing the resource. Hundreds and hundred of individual companies and deals.
In Topaz case over 2 million acres is what Topaz has contributed that makes them look huge from the perspective of a land base, but the only company developing that acreage in Tourmaline, and their budget is just over 1 billion a years, so 3 to 5 percent development of that resource base a year.
Not an ideal landscape, Topaz destiny is directly aligned to Tou spend and their development of their resource.
IMHO