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The Great Royalty Freak-Out

Love this piece in Global Mining Observer today, in which the intrepid AW gives the Emperor's News Clothes treatment to this most annoying of new mining sector fads. Example:
Some recent examples have been farcical. Corvus Gold recently dumped its Alaskan assets, selling them for $120,000, but CEO Jeff Pontius framed the deal as “the creation of a Corvus royalty portfolio”, because the company kept royalties over the discarded tenements.