On Monday, GROY announced an update on certain royalties forming part of the new
That value comes from at least seven royalty-producing interests in development.
Video Link: https://www.youtube.com/embed/pKMx17x4IGA
Drilling For Value In Multiple Assets
The more excellent news is that cash flow is already happening through cash generated from
Specifically, the
The project is already doing well. In August, First Majestic announced that during May and June of 2021 (62 days),
Of course, that's only a single interest. A comprehensive analysis of its claims, including dig rates by location, can be more closely evaluated by clicking here. The details provide ample fuel to maintain its value-creating momentum.
The broader picture is what paints the near-term opportunity.
GROY Breaks Higher As Value-Proposition Builds
Notably, GROY is moving along with a gold market attacking its
In fact, the steady move higher in GROY stock comes as investors take action to capitalize on opportunities through well-positioned gold sector companies that are both diversified and positioned to benefit from increases in the bullion price. GROY fits that model. And by having ample cash to see development through 2021, no debt, and a growing portfolio of assets, investors are catching on to the value already intrinsic to the GROY proposition.
Better still, if the past month indicates what to expect in the coming weeks, investors taking advantage of GROY prices at these levels could be in store for appreciable gains into the end of the year. That's more true after its update earlier this week. Not only does it indicate substantial value, but it also shows that its recent acquisitions can be transformative to its revenue-generating potential.
Adding more firepower to the value proposition, GROY secured a revolving credit line of up to
Here's why:
A Robust Portfolio Of Revenue-Generating Assets
Foremost, GROY is a substantially bigger company than they were only a few months ago. A large part of its transformation started last month after completing its strategic business combination with
That deal was not only big; it immediately transformed GROY into a leading
In September, GROY announced it closed on its planned acquisitions of
GROY immediately gets Abitibi's royalties on various parts of the Canadian Malartic mining complex. And more than a substantial revenue contributor, it adds diversification to the portfolio. The deal with Abitibi brings to GROY a 3% NSR royalty on Odyssey,
The Canadian Malartic mine, owned by
Underground Opportunities Add More Value
Know this, too. Longer-term value can come through Agnico and Yamana, developing an underground mine at Odyssey after identifying additional underground deposits. Estimates are bullish on the prospects, indicating that the additional Odyssey deposit contains measured, indicated, and inferred resources of nearly 2 million toz gold. And that's in addition to the estimated 6 million toz of gold situated at
Still, there's more to like. GROY also acquired
Also, GROY gets
Things get even better. Factoring what GROY owns today, a sum of its parts equates to a more appropriate valuation of assets closer to the
Of course, revenues are what will drive share prices higher. GROY is delivering in that respect.
Near-Term Revenue Potential Gets A Surge
Indeed, the acquisition of Abitibi and
Thus, while the stock is trading impressively higher in September, it's anticipated that the accretive nature of its acquisitions will soon become more reflective of GROY's share price. The lag is understandable, especially with the number of new assets to evaluate. But, with the trend in share price gains decidedly bullish, the gap in value between intrinsic value and current share price should close. As noted, a value closer to
Better yet, as updates continue, even a doubling in price could prove conservative. Recent reports show
Hence, despite the stock's bullish performance thus far in September, as a growth stock in a sector expected to see significant interest in the coming weeks, further appreciation is likely. And with updates on revenues and portfolio reserves coming at least every quarter, the bullish sentiment for GROY will likely intensify along with the expectations of strong metals markets well into next year.
Running With The Gold Bugs
September set up GROY for potentially exponential growth in the coming quarters. The better news is that the backdrop of higher inflation and rising bond yields supports that GROY can maximize its interests sooner rather than later. And with an up to
Moreover, as investors in the sector learn more about the value of the transformative moves made by GROY during the past sixty days, expect the paced action higher to be met with more determined investment interest. In other words, pressure to the upside can build. It already is.
And with
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