Gold Resource UncertaintyOf the ~16Moz of gold resources defined thus far, most are contained in the inferred category, with an uncertain production profile.
Liquidity ConcernsLiquidity of shares remains an overhang, and the ramp-up of select portfolio assets has been challenging.
Silicon Royalty UncertaintyA challenge for the Silicon royalty is its earlier stage and associated uncertainty, including development timeline and mine profile.