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Deterra risks becoming a one-trick pony

No-one seriously doubts that Deterra Royalties will be a thumping success when it lists on the Australian stock exchange next week – but there are a few investors wondering whether it can ever be more than a one-trick pony.

Deterra risks becoming a one-trick pony Deterra risks becoming a one-trick pony Deterra risks becoming a one-trick pony Deterra risks becoming a one-trick pony Deterra risks becoming a one-trick pony

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As the owner of a near-priceless royalty paid by BHP on a part of its Pilbara iron ore operations in the north of Western Australia, Deterra starts life as a listed company with a business model which