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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum 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... see more

OTCQX:ELYGF - Post Discussion

Ely Gold Royalties Inc > Best Leverage?
View:
Post by energee on Jan 31, 2020 1:19pm

Best Leverage?

WM ($540MM Mcap) or ELY ($66MM Mcap)? 

I like what they are doing but need to see better line of sight to royalty revenues. They sell acquired third-party shares now and then to fund this.

ELY has a large G&A burn (reported $244K in Q3 2019 alone for travel and promotion ($493K for 9 mos); reported $1493/day combined cash comp. for the Pres and CFO for 9 mos 2019) and minimal royalty revenues to date.
Comment by flashcash on Jan 31, 2020 1:25pm
Never underestimate the power of the lever weighted with gold !
Ely Gold Royalties Inc