Lost point here - Royal Gold deal renegotiated...
as part of this transaction. Reducing Royal Gold's gold share from 52% to 35% means that the Milligan mine's gold production is more highly leveraged to the price of gold under CG ownership (than it was under TCM's ownership). Sure, CG gave up almost 19% of the copper stream value but I would rather be leveraged more to the price of gold than to the price of copper. They not only benefit from an increase in the price of gold but also to an increase in the amount of gold produced (as they get the second crusher working, optimize operations, perhaps even expand the resource, etc.).
Great move on CG's part, in my opinion (although I will have to trust their math)
BB