GROY - Gold Royalty Corp.: An Expensive Way To Play The Royalty/Streaming Space
- Gold Royalty Corp. is the most recent precious metals name to debut on the US Market, looking to take advantage of investors' enthusiasm for junior royalty/streaming names.
- While it has a large portfolio of assets with 19 NSRs and over 25 million ounces of attributable resources, only one project is likely to generate revenues by 2025.
- The one asset that is near production is significant, but is unlikely to generate more than $3 million in revenue for the company in FY2023.
- At a revenue multiple of more than 50x FY2023 projected revenue, I see no reason to chase the stock at current levels.
For further details see:
Gold Royalty Corp.: An Expensive Way To Play The Royalty/Streaming Space