OTCQX:ELYGF - Post by User
Post by
Austrian007on Nov 02, 2019 10:11am
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Post# 30300774
Ely Valuations
Ely Valuations Ely valuations is primarily going to be driven by WM for a long long time to come...
All that the company has to do is to ensure minimum dilutions and keep management expenses low as they have done so far... If they can do a buyback it would be awesome, but we need some serious cash for that..
WM alone will push Ely past $10 in the next few years as it is developing into a very very large system... estimates start from atleast 30M Oz at this point and it could get substantially bigger.. we will know soon (not the 43-101 numbers but back of the envelope calculations on the basis of drill numbers).. I would be surprised if it's anything less than 0M Oz by the end of this year as they have 6 drills working now with results coming out on a weekly basis.
Cheers,