RE:RE:RE:RE:ELY Is Tearing It Up This Morning! Agree that Wallbridge will be big for Ely...
Lets say W hits their goal of 100,000 Oz/yr in the next 2 years.... that will translate into 2000 Oz for Ely or about 3M USD which is indeed a significant jump for Ely.. but can W jump into 200,000 Oz/yr production ... that I doubt. Unless u see gold itself get into the 2000+ territory which is entirely possible... perhaps even probable.
The only point I am making is that we need a lot of help from Gold itself for Ely to move much higher from the current levels... Now I am a gold bull and I can see a 5 fig pricetag for gold... just that I don't know how soon its going to happen...
But Ely is one of my largest positions and I will continue to maintain that... though I dont think I will add to it now.... now if Ely can acquire a few more producing royalties like Metalla has regularly done, then it changes the dynamics altogether.
But agree entirely that we are headed for very interesting times..