Great aquisition, good terms...it might take a few month and some marketing events to make market wake up + tax loss selling working against any even good news in junior mining/exploration currently, but if you have some patience "new" ORX might with a very high likelyhood reward shareholders with a multibagger.
If you break it down this aquisition for only 27mm shares, meaning FD number of Shs Os is still below 100mm, we get projects that:
*had ultra high grade drill results, targets remain open at depth and partially along strike
*50+mm $ were spent
*Hunter Dickson was willing to put money in the ground
*MOST IMPORTANT to me: Pierre Lassondes Franco Nevada was willing to do a deal on ne of the projects. Market Sentiments change all the time, basic Geology does NOT. FRanco Nevada Team is most likely the most sucessfull in the mining market when it comes to DueDillignce where to put money at work for a royalty deal.
I would assume, when you invest in a project FNV is or was willing to invest into, you get very good odds of a success some time down the road.
To me this looks like one of the best deals this year, at very favourable terms.
Maybe they can reactivate this camp like Osisko Mining did with Windfall, which was dead for years and now with OSKs new approach is a multi-hundred million $ project
Good luck everyone