Ev/Cashflow @TieTime;
Although I also believe in huge price appreciation for Bridgeport once the deal is completed, I don't share the calculations that led to your $190 marketcap.
Bridgeport Marketcap $ 190Mio / cashflow 2013 $ 8Mio = EV/CF 24
Sandstorm Marketcap $ 645Mio / cashflow 2013 $ 48Mio = EV/CF 13
Compared to Franco Nevada and Royal Gold perhaps the difference is less, but that is logically caused by their track record and their much bigger portfolio, which minimizes bottom line risk. Secondly those three have a royalty streaming model instead of NSR revenues at Bridgeport, which gives taxable disadvantages for the average US investor.