OT - the worlds most undervalued royalty? Has been a great ride at ELY
i thought i share this with you - News from today Frist majestic paying 22mm$ on a silver stream
on FFs Springpole.
Now what almost nobody knows there is a 3% NSR on spingpole owned by JUB - Jubilee gold Expl. with only a 1% Buyback.
JUB doesn`t have a website but all fillings are there properly
https://stockhouse.com/companies/quote?symbol=v.jub So if FR pays 22mm+ for less than 2.5% revenue from the project, as silver is only a small fraction in the LOM mine metal distrubition
What should a 3%NSR /2%NSR be worth, with no stream oblidation as well.
certainly more than 6mm Marketcap JUB currently has.
Do your own DD
quote from JUB s MD&A :
Casummit Lake Property In 2010, the Company entered into a milestone claims royalty agreement with Gold Canyon Resources Inc. (“Gold Canyon”) to sell and transfer the recorded title of certain Casummit claims to Gold Canyon for cash and share consideration. The Company holds a 3% NSR of which Gold Canyon can purchase 1% NSR for $1,000,000. Gold Canyon shall pay the Company an annual advanced royalty of $70,000, which will be adjusted by the Consumer Price Index (the “CPI”) published by Statistics Canada each year, payable within 90 days of each fiscal year-end of Gold Canyon. Gold Canyon will also issue 100,000 common shares to the Company upon each of the first to fifth anniversary of the TSX-V approval of the agreement. In 2015, Jubilee received its final share issuance of 100,000 Gold Canyon common shares. On July 12, 2010, the Company entered into a royalty agreement with Gold Canyon and the Company retains a 3% NSR on a second Casummit claim group. Gold Canyon has the right to re-acquire a 1% NSR upon payment of an aggregate of $500,000. No royalties have been received with respect to this arrangement. First Mining Finance Corp. had since acquired Gold Canyon in November 2015. During the three months ended March 31, 2020, the Company received advanced royalties of $82,177 (2019 – $nil) on the Casummit Property.