Hiru Corporation (HIRU)

[mascale]

HIRU may have noticed hyper-solid mining venture(s) form(?)! . . .
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. . .streaming companies provide stable and predictable costs in comparison to the mining companies themselves (and usually low-selling, general, and administrative costs, given their small staffing requirements versus those of the mine operators). Furthermore, because costs per ounce are contractually defined, this protects streamers from cost overruns. With the best contracts there is also an exploration upside, so streamers receive the benefit of mine exploration and expansion activities, typically at no additional cost. Finally, the ability to have exposure to a large asset base (as opposed to just operating a few mines) provides portfolio diversification and risk management. When executed well, this arrangement should benefit a streaming company via sustainable cash flows and dividends derived from predictable costs and lower risks. Accordingly, we believe the streaming sector will continue to see favorable returns relative to investments in gold equities or in physical metal itself, as witnessed over the past ten years