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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

Post by Austrian007on Nov 02, 2019 10:11am
230 Views
Post# 30300774

Ely Valuations

Ely Valuations

Ely valuations is primarily going to be driven by WM for a long long time to come...

All that the company has to do is to ensure minimum dilutions and keep management expenses low as they have done so far... If they can do a buyback it would be awesome, but we need some serious cash for that..

WM alone will push Ely past $10 in the next few years as it is developing into a very very large system... estimates start from atleast 30M Oz at this point and it could get substantially bigger.. we will know soon (not the 43-101 numbers but back of the envelope calculations on the basis of drill numbers).. I would be surprised if it's anything less than 0M Oz by the end of this year as they have 6 drills working now with results coming out on a weekly basis. 

Cheers,

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