Royal Gold: Doubling Down On The Cortez Complex

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Aerial View of Ruth, Nevada which is a mining town for the nearby open pit copper mine.

Jacob Boomsma/iStock via Getty Images

Just over four months ago, I wrote on Royal Gold (NASDAQ:RGLD), noting that the stock was very attractively valued at less than 13x forward cash flow as it hung out below $93.00 per share. This was especially true given that