RE:If you wish to see what is ahead for Ely Gold Royalties, Yes... Maverix does indeed looks interesting...
But Ely is a bit different in the sense that almost all of their projects comes from staking and not purchasing... so to that extent, their costs should be much much lower... and when the gold bul market gets underway over the next few years, a lot of these will become operating mines.
However, I think if we take a 5 year perspective, all will do well - Ely, MM, EMX, MR... I own both Ely and EMX.. I think over the next 2 years, EMX will start delivering Profits and should get rerated... with close of $80M in cash and cash equivalents, its M.Cap is just twice their cash position...