following Eric Sprott
ELYGF/ELY.v Ely Gold Royalties has been on a tear. Last quote US$1.11
Sprott has been buying shares in private placement and doing business with Ely, selling them a royalty. Since he's involved in so many financing deals, he undoubtedly can steer some business to Ely. The prize royalty in their portfolio is on the Fenelon mine being developed by Wallbridge Mining. Naturally Sprott is a major shareholder there also. Sprott owns 34% of Ely if he exercises all warrants. Ely.v was at C$.17 a year ago and is currently selling for C$1.53.
PGM.v/LRTNF C$1.30 Pure Gold Mining is building a mine in Red Lake District. Set to pour gold in Q4 2020. Mgmt thinks this has the same rocks as the Red Lake mine operated by Evolution Mining. Pure Gold currently has about 2.5 million oz of resource but hasn't drilled deep yet. That's where the original Red Lake mine found high grade ore. Pure Gold was C$.38 a year ago and currently selling for C$1.30. Rise in US$ vs C$ means that Pure will have higher revs and lower costs.
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE