It is kinda funny that the royalty companies are about the strongest ones in this rally! It almost feels to me like the market was valuing them for $20 silver and $1200 gold... but now that the bottom seems to have been put in, they're revaluing all these guys' stream NPVs to $40 silver & $1800 gold.
I.e., the PM bears really have thrown in the towel.
I have no clue why FNV popped so good the past few days. Anyone have a NPV calc for their streams? What's the present value of all their PMs?