$ELYGF, this gold company has quietly been amassin
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Posted On: 08/02/2019 2:02:33 PM
$ELYGF, this gold company has quietly been amassing a nice portfolio of gold royalty assets.
Ely Gold Royalties Inc. (OTCQB:ELYGF)
Gold is getting hot again. The price of gold has been rocketing higher. Many gold mining assets are quickly becoming hot commodities. There is no better way to take advantage of this extraordinary commodity appreciation than investing in mining assets with proven reserves. Even better is to invest in royalty companies that receive revenue from the gross sales of those gold reserves. Ely Gold Royalties Inc. has been amassing a portfolio of substantial mining claims and is employing a unique royalty based revenue model. The company maximizes their claim's value and organically creates royalties for its equity portfolio when it sells properties. The company's current pipeline of Nevada gold properties is substantial with over 70 projects in play including 33 deeded royalties and 20 under sale/option to industry partners. Their industry partners, that are developing or mining the properties, represent the who's who of gold mining companies. They have 20 more properties currently available for sale. Nevada is the number one mining jurisdiction and the fourth largest gold producer in the world. The company stresses that its strategy is to ensure that all property sales will generate royalties.
ELYGF purchased four gold royalties in 2019; three of which are projected to deliver cash flow this year. The company's working capital position is up to $3.6 million dollars in cash and tradable securities and the company projects revenues to exceed USD $3 million in 2019. The company's market capitalization is now over $19 million dollars, which is three times higher than it was 18 months ago. The company's transformation over the past year and a half has been extraordinary. They have recently secured significant investment from Rick Rule(9.5%) and Eric Sprott(5.6%), two of the most savvy gold investors in the business. It's hard to believe the company is still under the radar of most small-cap investors.
ELYGF continues to add onto its current base of gold producing assets. The company recently announced that it has signed a purchase option agreement with Contact Gold Corp. to acquire an undivided 100% interest in the past-producing Green Springs Gold Project, located in White Pine County, Nevada. This deal is expected to immediately add $400,000 to working capital and a royalty on a past producing asset. This should act as a catalyst for a further appreciation in the company's share price.
The top gold royalty companies have out-performed the S&P over the past years. Now, gold is hot and the best way to invest in gold is in gold royalty companies.
Share structure:
Outstanding shares: 98,720,928
Management-11%
Institutions-15%
Insiders-20%
Float: 57,672,594
https://privateequitymarkets.us/newsletter/el...lty-assets
Ely Gold Royalties Inc. (OTCQB:ELYGF)
Gold is getting hot again. The price of gold has been rocketing higher. Many gold mining assets are quickly becoming hot commodities. There is no better way to take advantage of this extraordinary commodity appreciation than investing in mining assets with proven reserves. Even better is to invest in royalty companies that receive revenue from the gross sales of those gold reserves. Ely Gold Royalties Inc. has been amassing a portfolio of substantial mining claims and is employing a unique royalty based revenue model. The company maximizes their claim's value and organically creates royalties for its equity portfolio when it sells properties. The company's current pipeline of Nevada gold properties is substantial with over 70 projects in play including 33 deeded royalties and 20 under sale/option to industry partners. Their industry partners, that are developing or mining the properties, represent the who's who of gold mining companies. They have 20 more properties currently available for sale. Nevada is the number one mining jurisdiction and the fourth largest gold producer in the world. The company stresses that its strategy is to ensure that all property sales will generate royalties.
ELYGF purchased four gold royalties in 2019; three of which are projected to deliver cash flow this year. The company's working capital position is up to $3.6 million dollars in cash and tradable securities and the company projects revenues to exceed USD $3 million in 2019. The company's market capitalization is now over $19 million dollars, which is three times higher than it was 18 months ago. The company's transformation over the past year and a half has been extraordinary. They have recently secured significant investment from Rick Rule(9.5%) and Eric Sprott(5.6%), two of the most savvy gold investors in the business. It's hard to believe the company is still under the radar of most small-cap investors.
ELYGF continues to add onto its current base of gold producing assets. The company recently announced that it has signed a purchase option agreement with Contact Gold Corp. to acquire an undivided 100% interest in the past-producing Green Springs Gold Project, located in White Pine County, Nevada. This deal is expected to immediately add $400,000 to working capital and a royalty on a past producing asset. This should act as a catalyst for a further appreciation in the company's share price.
The top gold royalty companies have out-performed the S&P over the past years. Now, gold is hot and the best way to invest in gold is in gold royalty companies.
Share structure:
Outstanding shares: 98,720,928
Management-11%
Institutions-15%
Insiders-20%
Float: 57,672,594
https://privateequitymarkets.us/newsletter/el...lty-assets
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
3️⃣I will not and cannot be held liable for any actions you take as a result of anything you read here.
4️⃣Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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