Very GOOD!https://www.newswire.ca/en/story/1272787/calico-to-sell-its-grassy-mountain-gold-project
30million cash + a 1%NSR.
RR to pay a total of 37.5mm including the purchase of SEA`s underlying royalty. seems they see value.
37.5mm in current mining market is A LOT of money, so i assume they will push the project foreward.
The buyer
Rockstar Resources, Inc. is led by Ex Coeur d’Alene Mines CEO. So no scam here.
Nice. looks like a clear 100%+ chance, as it trades at 7mm. The Royalty is worth maybe 5-8mm + 30mm.
Worst thing here is a takeover offer from Sandstorm or Franco Nevada. Get cash + a Royalty.
BUT maybe they are smart themselfes and built on the Royalty and buy 1-2 other Royalties with that money.
After Premier has been bought out by SSL and GRC failed to go public, but instead was bought by Couer i could imagine a small Royalty CO has good chances to enter the market now.