Ely Gold Royalties Inc ELYGF

Metals & Mining Industrial Metals & Minerals

Ely Gold Royalties Inc is an exploration and development stage natural resource royalty company. It is engaged in the evaluation, acquisition, exploration, development, and sale of natural resource projects and royalties. The company is currently focused on purchasing royalties and selling its gold projects, with the potential to generate royalties, in the United States and Canada. It holds an interest in Fenelon property; Isabella Pearl and Jerritt Canyon among other operations.

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Ely Gold Royalties Inc > Upside!

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Comment by Austrian007on Apr 27, 2019 10:47pm

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Post# 29680037

RE:Upside!

I would not quite look at that way...

3 years down the line, Ely is going to have somewhere between 10 to 20 producing royalties... so one bonanze mine isn't going to make a huge difference... if that were to be the case, Fenelon which is a 3% royalty would already have made a big difference given the grades they are hitting.

This is going to be a steady marathon runner... I think Ely would continue to accumulate those smaller non-nevada near-producing royalties over the next 12 to 18 months and that would make it a really attractive proposition.

& if we have a nice move up in Gold, we should easily see a $3 to $5 in the price of this stock.... at some point, however Ely is going to be get acquired.. perhaps by EMX... the longer it takes, the better it is for smaller shareholders.