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Pierre Lassonde Reflects on his Life, Career, and Paving the Path for Mining's Royalty Business Model

Mining Stock Daily

00:00

The Royalty Company

The operator just wanted to get rid of the royalty because it was a 4% NSR plus a 10% of net operating profit. The whole idea of building a royalty company at that point was considered completely crazy. And we really did not have any competition for almost 10 years. It gave us a huge runway to go out there and buy royalties like on the Stillwater mine in Montana.

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