Glencores deal with Ontarios T.F....https://www.glencore.com/media/news/p/glencore-and-ontario-teachers-create-new-partnership doing some rough math as far as it is possible, ALS royalty portfolio looks cheap compared to this
300mmUS$ valuation on the following royalty portfolio contributed by Glencore to the JV
About the Royalty Portfolio:
Royalty | Asset Owners | Main Commodity | Asset Location |
Antamina One and Two Thirds NPI | Glencore, BHP, Teck Resources, Mitsubishi | Copper / Zinc / Silver | Peru |
Highland Valley 0.5% NPI | Teck Resources | Copper | Canada |
Horne 5 2% NSR | Falco Resources | Gold | Canada |
El Pilar 1% NSR | Southern Copper | Copper | Mexico |
Point Leamington 1.5% NSR | Callinex Mines | Zinc | Canada |
Tulks South 2% NSR | Canadian Zinc | Zinc | Canada |
South Tally 2% NSR | Canadian Zinc | Zinc | Canada |
Long Lake 2% NSR | Canadian Zinc | Zinc | Canada |
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