Research Report
Streetwise Reports (5/25/21) The deal terms, the asset s characteristics and the ways the transaction will benefit Nomad Royalty Company are outlined in a BMO Capital Markets report.
In a May 13 research note, BMO Capital Markets analyst Rene Cartier reported that Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX) acquired a 0.28% net smelter returns (NSR) royalty on the Caserones copper-molybdenum mine in Chile for US$23 million in cash and 2 million warrants. The transaction went into effect on May 1, 2021. Overall, we estimate the NSR royalty as accretive to our [net asset value] estimate with resource extensions and exploration representing further upside, the analyst added.