Florence CopperTASEKO/Florence copper has announced that subject to addressing various conditions they have sold a 1.95% royalty for US$50m. Put another way it values Florence Copper at US$1bn pre construction. As far as I understand Excelsior are permitted to start well stimulation and if Rio (Nuton) exercise their option for stage 2, a payment of US$5m will be made to Excelsior as well as picking up holding costs of Johnson Camp. Most importantly this provides time to work through well stimulation without the holding costs of Johnson Camp. Whilst then CO2 issue has been disappointing I still have faith that management will resolve this technical issue. Key catalysts will be Rio exercising the Stage 2 option, confirmation that Excelsior is fully permitted for well stimulation and results of well stimulation trials. I hope this is not so far away. The value upside is significant if Excelsior solve these points. Good luck to all!