If Newmont really wanted to do their stockholders a good deed they would spin off Franco Nevada into a new company and Give Shares of the new Company( Franco Nevada) to current stockholders ! I'm sure some of the big boy holders in New York would love that. That is the best way to get the value out of the Newmont shares into the right people...the current stockholders!
They could even keep say 25% of the shares and sell them on the market after Franco gets established again on the TSX.
But, I also realize that Newmont wants/needs the $ 1B cash for themselves to invest in the likes of ARU.
Either way I think the proposed Franco will be good for all gold stocks and maybe ARU in particular.