Franco Nevada DealThis is a great deal for WHN. Franco Nevada is one of the premier gold royalty streamers in the market. They are very selective in who they partner with so this deal is a tremendous vote of confidence on the potential for WHN to ultimately develop a mine. In addition, the valuation that the company got was great. 2% NSR for USD6 million. The WHN market cap is like CAD40 million so this just shows you that the company is highly undervalued vs the value assigned by Franco Nevada.
Now after saying all this good stuff about WHN and the deal just completed, the share price barely budged. Truly the market is viewing good new like a non event for gold miners right now. I have shares in Timberline (TBR) and they announced great drill results yesterday. Same result as the share price didn't really move. Long term, a rationale market will return for those patient enough to wait it out. Good luck folks.