Franco-Nevada Corporation – Bull Case

4
Franco-Nevada Corporation  – Bull Case
Franco-Nevada Corporation

Franco-Nevada Corporation (FNV) by Caleb Gibbons, CFA, FRM,– Originally at IBankCoin. Reposted with permission

Gold has kicked off 2016 with the strongest rally in 25+ years,

Franco-Nevada, has a market cap of > $10bln and is up 45% in the last quarter (56% of Barrick’s $18bln market cap and 72% of Goldcorp Inc.’s $13.75bln) . Those looking to basis trade in the gold space, or those vetting new exposure to the precious metals space should dig deep into the 26 page slide deck by Pierre Lassonde, Franco-Nevada’s Chairman, which was just presented at the most recent Grant’s Spring (April) Conference in New York. Much of the information contained was in their March 2016 Corporate presentation, but the manner in which all naysayers are neutered via this enlightening presentation is impressive indeed. For one, few will be aware the degree of demand emanating from Europe, now the largest bar and coin market in the world. China and India are typically all that anyone hears in terms of the demand equation.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclusive]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commo