Royalty yes, but after resource update I never understund why they said/expected that financing was going to be finished before the resource update expected in march this year. It would be extremely stupid to sell a royalty before the resource update that is expected to almost double the total resouce.
If you want the best price, you have to show what you have. To sell a royalty with only half the current resource is not very smart.
In any case, now it seems like the resouce update will come before any financing deal is in place and thats very good imo. Current timeline = resource update in march, project financing Q2.