Bullboard - Stock Discussion Forum Eagle Royalties Ltd. C.ER

Alternate Symbol(s): ERYTF

Eagle Royalties is a royalty holding company created as a spin-out with the royalty assets of Eagle Plains Resources, a mineral exploration project generator exploring Western Canada for gold, critical-metals, uranium, lithium, rare earth elements and industrial minerals. Eagle Royalties holds royalties on over 50 projects owned by senior to junior mining and exploration companies. Eagle... see more

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CSE:ER - Post Discussion

Eagle Royalties Ltd. > Skeena Resources

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Post by NineLives on Jun 26, 2024 4:43pm

Skeena Resources

Just secured funding for their Gold Eskay Creek property.

The good news is ER holds a 2% NSR on part of this property with a 1% available for a $1 million buydown. With this and the AurMac property getting closer to production and the cash they just received for the sale of another NSR then things are looking up.

A rough estimation based on past financials and the recent sale shows them with close to $5 million in cash.