FNV - Franco-Nevada Corporation

Felix praises the royalty/streaming business model, represented by Franco-Nevada, as conceptually better than owning miners because it provides gold leverage with far less operational risk. He suggests researching royalty/streaming companies as a preferred way to gain gold exposure.

Gold royalty stock soaring because of gold setup; when gold goes up, royalty revenue can go up even more.

Another gold streaming company Porter calls one of the oldest and best; benefits from 20-30 year productive gold mine lives without operating costs, levered to gold appreciation.

Gold royalty company (doesn't mine, finances miners and collects royalties). 88% revenue growth year-over-year with very solid numbers. Shows the same 'heartbeat pattern' on chart. Felix likes the royalty business model and sees the selling fizzling out, making it a potential buying opportunity.

Gold/silver streaming company with fixed-cost exposure to precious metal production. Less volatile than miners, no operational risk.

Streaming/royalty company listed alongside WPM as a smart money play with fixed cost access to precious metal production.

Recommends large gold mining names as part of commodities exposure