Post by
Shylockreturns on Apr 25, 2020 9:48pm
Be glad you are holding Ely Gold Royalties!
Foprget the TA emphasis. It doesn't work in a market like this if it works in any market at all! It tells you what happened in the past and not what is going to happen in the future.
This market is run by fundamentals, no question about it. And those fundamentals are only going to get stronger as inflation and rising debt give way to hyperinflation.
Try the following little exercise: plot 1 week, 1 month, 3 month, 6 month and 12 month comparison graphs of Ely, Maverix and the much-hyped Metalla and tell me which one you'd rather own!
Ely is knocking the golden ball out of the park and it has not gotten really going yet. IMHO, it is just warming up. Trey Wasser is doing everything right.
Its leverage based on current low price, ownership of producing or near-production properties virtually all over the State of Nevada and Quebec's crown jewel, Wallbridge'e Fenelon, all but guarantee a massive run-up in its share price and that very soon.
Did I mention that ALL of Ely's properties but one are located in Nevada, the third best mining jurisdiction in the world while their single Canadian property, the massively gold-endowed Fenelon, is located in the mining-friendly jurisdiction, of Quebec, home of the precious metals-prolific region of the Abitibi Greenstone Belt where numerous rich mining deposits have already been discovered and many more are in advanced stages of exploration, such as Wallbridge Mining's Fenelon. For perspective, Metalla has properties in such jurisdictions as Argentina, Ecuador, Venezuela and Tanzania while Maverix sports properties in Honduras, Argentina, Burkina Faso, Peru, the Dominican Republic and Russia, among others. Of course, both have properties in jurisdictions considered less politically volatile also but Ely distinguishes itself by having ALL its properties in stable jurisdictions.
The stability and safety of mining jurisdictions is taking on and rapidly so increased importance as the irrational anti-mining crowd enhances the difficulty of getting permits to both explore and develop precious metals and base metals mines in today's "politically correct," imbecilic world. The critical importance of this point should cannot be overstated.
The importance of adding one or two royalty streamers to one's precious metals mining portfolio is critical. Their ability to minimize mining and exploration risk and yet shed massive quantities of wealth is is not some pipe dream, it's the real deal. I opine it is going to make shrewd or just plain lucky share owners a very large amount of money but, like the junior mining explorers, all royalty streamers are not the same and it is critical to acquire that which is premium as this point will determin the degree to which it is lucrative.
Before acquiring Ely Gold Royalties I held one of the other two we are discussing and it did "OK" for the time I held it. I made good coin. But as I did my due diligence on Ely it became clear to me Ely was superior, so why settle for "OK" when you can have "stupendous?!?" I liquidated the one I was holding and re-positioned the proceeds into Ely and now comparing the two, Ely has risen a multiple compared to the other. Don't get me wrong, you will make money with most all of the royalty streamers but IMO you will bring home your bacon in Ely's 18-wheeler compared to each of the others' pick-up trucks!
As for me, I will gladly take the 18-wheeler!
As for MTA, never did like it because of the massive hype being used to promote it and "celebrity investors" never did much for me. Really, I suspect there are people who bought MTA because Doug Casey is a shareholder. Great for Doug Casey but does that make it right for you?
Do the simple little exercise with the graph comparing the three I suggested above and you will see where the smart money has gone and is going . . .
Great good fortune to all!
Comment by
cdnkeswick on Apr 26, 2020 12:11pm
You left out the fact that the # 1 share holder is Eric sprott and probably one of the worlds most savy gold investors in gold mining today.
Comment by
Shylockreturns on Apr 26, 2020 3:55pm
Good point. And Sprott trumps any other shareholder any day!