Deterra Royalties (DRR) - $62M Dividend to Shareholders 1H/22

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Interview with Julian Andrews, CEO & MD of Deterra Royalties (ASX: DRR)
Deterra Royalties Limited is an Australia-based company, which is engaged in the management and growth of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals. The Company’s portfolio includes royalties held over Mining Area C, its cornerstone asset, in the Pilbara region of Western Australia, as well as five smaller royalties, including Yoongarillup/Yalyalup, Wonnerup, Eneabba and St Ives. Its key royalty investment activities involve acquisition of royalties from third parties and providing finance to resource companies in return for royalties. The Company’s projects include Mining Area C (MAC), Yoongarillup / Yalyalup Mineral Sands Mines, Wonnerup Mineral Sands, St Ives Gold Project and Eneabba Project. MAC is located approximately 90 kilometers (km) north west of Newman Township in the Pilbara region of Western Australia, which is an iron ore province. MAC produces approximately 145 million tons of iron ore per annum.
0:00 - Company Overview
0:26 - Julian’s Background
1:16 - Reason for the Creation of Deterra Royalties
2:23 - Royalty Transaction Experience of the Team
3:40 - Size of the Management Team
4:57 - History of the Deals made
5:59 - Doing Due Diligence in a Transaction: Royalties vs. M&A Activity
7:35 - Effect of Inflation on the Royalty Deals
10:08 - Sustaining Growth in Stock Pricing
12:21 - Message to Shareholders
13:58 - Optionality in Company Growth
15:43 - Asset Portfolio Overview
18:15 - Expectation from Extending the Life of Mine
19:19 - Non-Producing Assets Overview
20:28 - Giving Guidance to the Market
21:22 - Challenges in Operating Royalties Company in Different Metal Spaces
24:51 - Staying away from Coal Assets
25:54 - Jurisdiction Exposures Overview
28:22 - Deterra Royalties Narrative in the Stock Market
29:31 - What sets Deterra Royalties apart from other Royalty Companies
30:31 - Reason for the Current Interest of the Investors in Royalty Companies
32:15 - Outro
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[@thesunris]

Great video thanks

[@steventaylor5283]

VERY HAPPY SHAREHOLDER

[@fhthecat7898]

The MAC royalty is exceptional long-life asset.
But what next? They say they want to grow, but what is their competitive edge in the royalty ecosystem?
The management looks like a group of clerks, that have been put in place by Iluka. How do they want to compete, other than being able to overpay for assets? Look at Altius royalties, who also own huge iron ore royalty. Altius are prospect generators, extremely successful geologists, who actually generated most of their royalties organically, and the rest they bought during the depths of the last bear market in 2015, for pennies for a dollar. Is the Deterra team as astute as Altius, or EMX? Or are they just bureaucrats who inherited a great asset? If Deterra was nothing but a legal shell for holding the MAC royalty, with no employees, with 100% margin, I would actually be interested.