RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Not sure if it's more like watching paint dry or water boil?Another non event imo. If I remember correctly this goldcorp deal was always meant to have a back end payment in 2031. Its the reason why W receives an additional 2 years of stream payments after 2029 before that back end payment is due. Based on todays numbers thats about 150 million. Its just a part of doing business.
Common sense would dictate W wants to keep stream as high as possible. I think the 60% stream reduction they trial ballooned is just that, a number they can come off of to say 25-35% to make P happy and their own shareholders happy. As you think I could also see W rearrange stream on front end so P has an easier time to pay spot tax. That burden becomes easier over time as income tax write off will offset that short term hit to operations cash flow. W will need to balance stream to keep miner profitable enough to dig at full tilt. This all assumes the mine is still viable over long term which I do.