Osisko Gold Royalties Ltd. (OR.TO)

He likes the streamers (royalty companies) because he thinks they are going to be a much safer play than the actual producers. A good way to diversify within the sector.

Management has a big ownership in the company. This is the newest royalty company on the block. They have the Canadiann Malartic, sort of 5% NSR, which will give them $35 million a year. 2% royalty on a number of Cdn assets including Kirkland Lake Camp Have a huge tract of land in Mexico, which he expects they will hive off and keep a royalty on.

A royalty on the Malartic mine that was spun out of Osisko Mine (OSK-T). His problem with this is that it is over NAV, which royalty companies do. Right now, you could buy a few juniors at about half that valuation, so you really have to like the royalty side.