In 2017, Elemental couldn’t raise $2 million to buy a royalty on its own. It had to split the deal 50/50 with a partner. Last month, it announced a US$290 million acquisition of five streams and royalties from Orion. It is the largest single transaction in the company’s history. In the first full episode of Forward Looking Statements, recorded at Beaver Creek the day after the announcement, Jim Paterson and Brien Lundin sit down with Frederick Bell, CEO of Elemental Royalty Corporation, to talk about how the company got from there to here. In this episode: -The 2017 meeting in Zurich where Jim played bad cop -Why Elemental gave away US$200 million in deals before it could afford to keep them -The decision to move the generation business into its own vehicle -Why some sellers chose Elemental shares over cash Fred’s closing point is one Jim and Brien keep hearing from the best people in this industry: reputation is everything. Episodes available on YouTube, Apple Podcasts, Spotify or directly on the Forward Looking Statements website: flspodcast.com #Mining #Royalties #Gold #Silver #ResourceInvesting #Podcast