Eagle Royalties Ltd. T.ER

Primary Symbol: 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 Roylaties flagship is the royalty at Banyan Gold's AurMac property where a 6.18m oz gold resource was announced in May 2023.

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Comment by blue0987on Jan 11, 2019 8:18am

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Post# 29217089

RE:RE:RE:RE:Article

With a current mkt cap of $C38 M and a mineral resource at Eau Claire of 1.35 M Au oz's, a
Mkt Cap/Au oz's would = C$28 per/Au oz. Whereas the average MC/Au ratio for a pre-development play such as ER currently stands in the mid $40's.

This does not include the Eastmain Mine resource of 375K Au oz's, nor the Eleonore South JV resource.

Finding Satellite deposits such a Percival will be key going forward, in that if proven low cost high margin, front loading them into the early years of the LOM scheduel greatly enhances the project economics at Eau Claire GLTA.

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