Movers and SHAKERS
Ely Gold Royalties (ELYGF)(ELY:CA)
Cimarron Option Agreement with Crestview Holds Promise
As of April 24, 2020, Noble Capital Markets research on Ely Gold Royalties is published under ticker symbols (ELYGF and ELY:CA). The price target is in USD and based on ticker symbol ELYGF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Ely Gold Royalties Inc is an emerging royalty company with producing and development assets focused in Nevada and the Western US. It offers shareholders a low-risk leverage to the current price of gold and low-cost access to long-term gold royalties.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Option agreement to sell Cimarron. Ely Gold Royalties, through its Nevada Select subsidiary, executed an option agreement giving Crestview Exploration Inc. (CSE: CRS) the option to purchase the Cimarron Property located ~30 kilometers north of Tonopah, Nevada for US$200 thousand and a 2.5% smelter return (NSR) royalty.
Terms of the transaction. In addition to the NSR, Ely Gold will receive a total of US$200 thousand in the following installments: 1) initial payment of $25,000, 2) $35,000 on the first anniversary, 3) $50,000 on the second anniversary, 4) $45,000 on the third anniversary, and 5) $45,000 on the fourth anniversary ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.