Proactive Research analyst Ryan Long says Nomad Royalty Company Ltd (TSE:NSR) has a diversified portfolio of large cash flow and near-term cash flow generating mining assets. He says around 50% of its NAV currently comes from cash flow generating assets and that's expected to increase to 85% in 2021 as additional development assets within the portfolio reach production. Long adds that the management team is focused on keeping its G&A costs low.