Post by
Acre10 on Sep 28, 2021 10:12am
Star Royalties purchases the ELK's NSR
Look what came out today! Looks like $STRR purchased the 2% NSR for $10M, that's full Net Asset Value from GMTN's PEA released in July placing a $231M vaulation on the project.
https://www.thenewswire.com/press-releases/1BNMFPWdx-star-royalties-to-acquire-2-nsr-royalty-on-elk-gold-mine-in-bc-canada.html
Looks like operations are moving from their tweet:
https://twitter.com/goldmtnmine_/status/1442837022930976777
Comment by
kegman on Sep 28, 2021 10:30am
I think good news will continue to roll out now. I would think after the holiday this Thursday we will start the process of our ascension above $2 again. Unless smart investors jump in early.
Comment by
techguy12 on Sep 29, 2021 2:40pm
Agree with that assessment. Take a look at the deep dive's article on that NSR purchase: https://thedeepdive.ca/gold-mountain-star-royalties-purchase-highlights-value-of-flagship-asset/ If they purchased 2% of the revenue for $10m and GMTN's got a market cap of $125M it seems to me like there's plenty of room for this thing to run.
Comment by
chopperzombie on Sep 30, 2021 10:22pm
Everything is lining up very nicely, we are approaching the final permit.... news could send a shockwave throughout the mining industry, these ridiculous low prices won't last long ... I will continue to buy as much as I can because this is a solid investment that will eventually pay dividends and keep growing the resources.
Comment by
barxy on Oct 07, 2021 3:23pm
Recently took a position here, and eagerly await permitting news and production etc. My question is why was this NSR sale not released as a news release from the company? Seems material, and could support the stock while we await permit news etc,
Comment by
kegman on Oct 07, 2021 4:10pm
I believe they got their hand slapped for release of imminent permit news in summer. Laying low until permit in hand.
Comment by
chopperzombie on Oct 08, 2021 8:14pm
I think when they get the permit people will be slapping the ask all the way up to the moon haha not kidding
Comment by
techguy12 on Oct 12, 2021 10:40am
I couldn't agree more. This stock went to $3 when they got their draft permit, I think they surpass that once the finalized permit is in and they're one of the few juniors in commercial production. Can anyone else find an operatig gold mine with 70M shares outstanding because I cant...