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Why is Wheaton still a top pick?

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Breakdown

0:00FRANCO· ticker

Franco Nevada — management transition, future copper spending

  • 32% discount from high
  • management transition concerns
  • copper industry spends $225B
  • streaming gold/silver cash flow
  • 40-50B streaming transactions
2:07WEATEN· ticker

Weaten — streaming opportunities, syndication

  • more upside than Royal Gold
  • syndication needed
  • opportunity shared with O and Triple Flag
  • may share further down chain

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