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Metal Royalty: Vox Royalty's CIO Spencer Cole on precious metals royalty and streaming with Tobias Carlisle on the Acquirers Podcast

The Acquirers Podcast

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How to Value Royalty Companies?

Royalty companies are valued on a price to cash blow or price to earnings multiple basis. They'll trade at a premium, a substantial premium, to their intrinsic net aset value. Every time a new discoveryis made, they get all that upside without a single extra dollar at the door.

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