Things are looking bleak right now, and I for one am worried about the results of the royalty review. I am guessing that they will implement something that doesn't make royalties worse at low prices (like current prices), but will grossly increase if prices ever recover, essentially destroying the upside potential.
My concern is that if a royalty scheme like that is implemented at month-end, companies who have been eating losses with the hope of earning that back if prices recover will have their plans dashed and we will see a rash of bankruptcies.
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