Drost quote as below: Abraham Drost, Chairman of Premier Royalty stated, "The closing of the Thunder Creek royalty purchase is a milestone in the formation of a new royalty company. Premier Royalty Corporation is accumulating royalties from gold production in a variety of jurisdictions worldwide and is being increasingly recognized as an emerging player in the royalty space".
Does anyone see this choice of a word as significant?
Could this be a signal that the Royalty company has achieved economies of scale and it will stand on its own soon?
I too am concerned about cash drain. However, as just pointed out, there are non-strategic properties that can be sold in lieu of issuing shares.
For example: All of the Trans Canada but for Hardrock & Key Lake.
Those porperties plus the mill could be worth a fair price.