Excellent question. I doubt I can furnish an exact answer. There are to many variables in which the price of this stock will be formualted.
Basicly it is a gold but a streamer so it will track to metal. However it also has a variable in that it may have more cash flow even if the price of the metal falls. That could occur as they get more streams. Hence the lower price of the metal can still give it greater cash flow unlike a mining stock which must rely only upon the price of the meatl less its cost of production.
Since investments are valued by the present worth of the future benifits this unusal one can only be valued at its present time based upon current known income, then a factor can be added by the market based upon some projection of the future earnings. At this time the amount of the furtue stream is unknown but projected to grow
Given the chart on gold one could say it will drop to 1440 area and future earnings drop due to no new stream Yes the $6.75 area could get hit. Now what will it take to get gold to drop?
In theeory gold will drop if the US$ goes up. That may not hold true in the long run as gold is a international commodity which has a shrinking supply with a growing demand.
We like to think the USA is the master of the gold price. It is not we do not purchase nor hold as individuals much of the metal as other countes. At this time both China and India are large personal holders. Now the Chineese government is acquireing the metaal. Our USA governmeent is doing good not to sell what it hold at Fort Knox(wehope)
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