SRL News and Press, Scully Royalty Ltd. From 07/02/19

Last week LeeFarnam published a Top Idea on Scully Royalty (SRL). For a look behind the idea, please see their interview with the PRO+ team. Seeking Alpha: Can you briefly summarize your bullish thesis for readers who may not have seen it yet? LeeFarnam: SRL holds a 7% royalty on t...

Overview of Investment Thesis SRL holds a 7% royalty on the Scully mine in Labrador, Canada which is currently valued by the market at 2.2x EBITDA when the market is valuing similar royalty companies at between 8x and 12x. The mispricing is due to the mine having been shut down for sever...