Maybe my NPV11 calc of 495 on the Minres royalty was too aggressive? Or maybe news of Minres divestments is implied to be positive for Ashburton and hence the royalty to red hill?

Up to another all time high of 5.99 although on low vol. After special dividend this will pull back to $5.

I'll try and recalculate once I find the spreadsheet for the calc which I have misplaced.