Stockchase Opinions

David Chapman Royal Gold RGL-T BUY Dec 03, 2004

Purchases other companies and take the royalty flows. Had a big top in late 2002 followed by a number of corrections until early 2004. Thinks it's OK. Struggling with a correction and thinks it will come out of it.
$20.520

Stock price when the opinion was issued

precious metals
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BUY
Very expensive. US investors will buy this in the event of an increase in gold prices.
DON'T BUY
Extraordinarily good business. Trades at a substantial premium to net asset value. Extremely well run and a very good balance sheet and very high-quality assets. Would prefer International Royalty (IRC-T).