RE:RE:RE:RE:RE:RE:How High?nozepak wrote: Limits to margins exist which is a overhang on these toll milling companies.
Acquiring royalties much more profitable.
By comparison yes, some of the streamers/royalty companies on the TSX have better gross margins, but their net margins fall off substantially.....and the business models are different so the comparison is limited. Expansion of Dynacor's business model is now being implimented (Senegal) and the ability of their business model to throw off free cash is evident in the financials. Further to that, management has recently commented that gross margins increase in an up-trending gold price environment...which we have seen since the beginning of 2019.
cheers!