Is Owning a Royalty Company Better Than Owning an Operating Company?

You're not investing in the equity of those companies, you're financing them, and you're essentially buying these royalty streams. So why is that a better way to to do this than just owning the equity in the companies? It's almost like owning the physical gold ut with expiration upside. But i also want to understand that what you're doing in the industry, and and just the size of your career and the amount of capital that you're commanding, you're changing the game here in terms of how these young gold companies get funded.