Metalla的特许权使用费模式提供了杠杆化的黄金敞口且无运营风险，其投资组合正从开发阶段转向现金流，预计到2030年产量占NPV的比例将从11%升至50%，支撑看涨论点。
逐段跳播
这条视频里关于 $MTA 说的每一段，按说话顺序排列。点任意一行，上面的视频跳到那一刻。
当你买入黄金矿商时，你也买入了他们的成本。资本支出、超支、柴油、劳动力、品位不及预期。今天的赞助商建立了一项业务，旨在拥有黄金而不拥有这些问题。
When you buy a gold miner, you buy their costs with it. The capex, the overruns, the diesel, the labor, the grade misses. Today's sponsor built a business designed to own the gold without owning the problems.
Metalla Royalty and Streaming，股票代码MTA，在纽约美国交易所和TSX Venture交易所上市，持有北美、南美和澳大利亚近100项黄金、白银和铜的权益金。
权益金公司不建矿也不运营矿，它持有生产的财务权益，因此股东获得对金属的杠杆敞口，而无需承担资本成本和运营风险。这些不是彩票。Metalla的权益金位于Agnico Eagle、I Am Gold、First Quantum、Kerr和Nevada Gold Mines等业内规模最大、资本最充足的运营商运营的资产上。
他们为钻探和矿山建设提供资金，Metalla持有权益金。现在，这是大多数投资者今天没有做功课的部分。按净现值计算，Metalla的投资组合中约有11%处于生产阶段。到2030年，公司预计这一比例将达到50%或更多。
这是一个巨大的增长轨迹，一个从开发转向现金流的投资组合。
Mattala Royalty and Streaming, ticker MTA on the NYC American and TSX Venture exchanges, holds close to 100 gold, silver, and copper royalties across North America, South America, and Australia. A royalty company doesn't build mines and doesn't operate them. It holds a financial interest in production, so shareholders get leveraged exposure to the metal without the capital costs and without the operating risk. And these aren't lottery tickets. Metalla's royalties sit on assets operated by Agnico Eagle, I am Gold, First Quantum, Kerr, and Nevada Gold Mines, among the largest, best capitalized operators in the industry. They fund their drilling and they fund the mine build. Metalla holds the royalty. Now, here's the part most investors haven't done the work on today. Roughly 11% of Metalla's portfolio by net present value is in production. By 2030, the company expects that to be 50% or more. That's a massive growth trajectory, a portfolio moving from development into cash flow.
Metalla的权益金位于Agnico Eagle、I Am Gold、First Quantum、Kerr和Nevada Gold Mines等业内规模最大、资本最充足的运营商运营的资产上。
Metalla's royalties sit on assets operated by Agnico Eagle, I am Gold, First Quantum, Kerr, and Nevada Gold Mines, among the largest, best capitalized operators in the industry.
他们为钻探和矿山建设提供资金，Metalla持有权益金。按净现值计算，Metalla的投资组合中约有11%处于生产阶段。到2030年，公司预计这一比例将达到50%或更多。这是一个巨大的增长轨迹，一个从开发转向现金流的投资组合。
They fund their drilling and they fund the mine build. Metalla holds the royalty. Roughly 11% of Metalla's portfolio by net present value is in production. By 2030, the company expects that to be 50% or more. That's a massive growth trajectory, a portfolio moving from development into cash flow.
所以，如果你想了解权益金模式的实际运作方式并查看其背后的投资组合，链接在下方描述中，或者你可以扫描这里的二维码。从公司介绍和资产手册开始。今天就做你的尽职调查，以回答财政部目前的做法是否必要。
So, if you want to understand how the royalty model actually works and see the portfolio behind it, the link is in the description down below or you can scan the QR code here. Start with the corporate presentation and the asset handbook. Do your due diligence today to answer whether or not what the Treasury is doing currently is necessary.
他说在等什么
他自己说在等的东西，一段话一条记录。同一件事说过几次就出现几次，我们不合并，也不判断它有没有兑现。
这个频道对 $MTA 的历次判断
David Lin 在这只股票上只有这一条判断。