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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.


OTCQX:ELYGF - Post by User

Ely Gold Royalties Inc > ELY Is Tearing It Up This Morning!
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Comment by ElyGold2019on Aug 04, 2019 3:38pm
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Post# 29993168

RE:RE:RE:RE:RE:RE:RE:RE:ELY Is Tearing It Up This Morning!

RE:RE:RE:RE:RE:RE:RE:RE:ELY Is Tearing It Up This Morning!
Great thread here everyone.

This question of rising gold prices limiting opportunities has come up a lot lately so let me just comment on the beauty of the royalty model in general and Ely Gold's model in particular.

Besides the obvious benefit of higher revenue from producing royalties, rising gold prices:
  1. Make more projects viable for mine development and thus royalty investment;
  2. Gives producers more income for mine expansion and development;
  3. As noted here, more exploration money is becomming available to advance more projects towards development; and
  4. More exploration money means more option contracts generated from Ely Gold's Nevada "available property" portfolio which means more potential royalties and more revenue to purchase existing royalties.
Royalty companies will see more opportunities, not less, with rising gold prices.
TW
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