Exzellenter Artikel mit div. Erläuerungen und Rechenbeispielen. Im einzelnen werden u.a. auch die 4 großen Spieler Silver Wheaton, Franco Nevada, Royal Gold und Sandstorm Gold betrachtet.
Gute Ergänzung mit den Kommentaren....
„...Too Good to Be True?
The business model seems to not make any sense. Why would the royalty/streaming companies issue equity and then transfer the money to mining companies? Why wouldn't the mining companies just issue equity?
Is there a fundamental/economic reason for the existence of royalties and streams?
The royalty/stream has the unique capability of being placed, or concentrated, on one specific mine, compared to equity, which applies to the entire company's earnings....“
http://seekingalpha.com/articl…ualitative-analysis?ifp=0
Grüsse
Edel