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Ely Gold Royalties Inc ELYGF

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

Comment by Austrian007on Sep 02, 2019 7:14am
243 Views
Post# 30087872

RE:If you wish to see what is ahead for Ely Gold Royalties,

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...

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