{"id":10572,"date":"2019-08-02T08:10:00","date_gmt":"2019-08-02T12:10:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=10572"},"modified":"2026-09-28T07:25:52","modified_gmt":"2026-09-28T11:25:52","slug":"why-eric-sprott-loves-ely-gold-royalties-tsxv-ely","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/why-eric-sprott-loves-ely-gold-royalties-tsxv-ely\/","title":{"rendered":"Why Eric Sprott Loves Ely Gold Royalties (TSXV: ELY)"},"content":{"rendered":"\n

An article was just published last night<\/strong> about how billionaire<\/span> gold investor<\/span> Eric Sprott<\/strong> recently sold 3.3 million shares<\/strong><\/span> of Kirkland Lake Gold (TSX: KL)<\/strong> for proceeds of CAD$168 million<\/strong><\/span> and has reinvested CAD$139.5 million<\/strong><\/span> of this money into 17 different small-cap gold, silver, and nickel companies<\/strong>. Click here<\/a> to read this article!<\/strong><\/em><\/span><\/span><\/p>\n\n

Ely Gold Royalties (TSXV: ELY)<\/strong> has been Sprott’s 11th largest investment<\/span><\/strong> in recent months, with Sprott investing<\/span> a total of CAD$2.684 million<\/strong> into the company. The majority<\/span> of Sprott’s investment<\/span> into ELY<\/strong> was non-dilutive<\/strong><\/span> and will actually result in ELY reporting a large profit<\/span> on the transaction<\/strong>!<\/span><\/span><\/p>\n\n

Sprott paid ELY $1.673 million<\/span><\/strong> for a 1.0% NSR royalty on the Fenelon Mine Property<\/strong>, operated by Wallbridge Mining (TSX: WM)<\/strong>, the #1 largest gaining<\/span> TSX gold stock<\/span> of the last twelve months<\/strong>! WM one year ago was trading for $0.08 with a market cap of only CAD$24 million<\/span>, but over the last twelve months WM has exploded by 431.2%<\/span> to $0.425 per share where its market cap is now up to CAD$192.58 million<\/span>!<\/strong><\/em><\/span><\/span><\/p>\n\n

ELY<\/strong> previously invested<\/span> a total of $1.2 million<\/span> for a 3.0% NSR royalty on WM’s Fenelon Mine<\/strong>.<\/span><\/span><\/p>\n\n

ELY still holds<\/span> a 2.0% NSR royalty covering WM’s Fenelon Mine.<\/strong><\/em> WM<\/strong> recently completed<\/em><\/strong><\/span> a 33,233 tonne bulk sample<\/strong> at Fenelon<\/strong> and recovered<\/strong><\/em><\/span> an incredible<\/span> 19,037 oz of gold<\/span><\/strong> with unbelievably HUGE<\/span> average gold grades<\/span> of 18.49 g\/t<\/span><\/strong>!\n\n

Sprott has also just invested CAD$7 million<\/span> into a WM private placement while investing CAD$1 million<\/span> into an ELY private placement! As a gold royalty company<\/span>, ELY’s expenses<\/span> will remain extremely low<\/span> and we expect to see very little<\/span> ELY dilution<\/span> moving forward!<\/strong><\/em><\/span><\/span><\/p>\n\n

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ELY of USD$30,000 cash for a six-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.<\/i><\/span><\/span><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

An article was just published last night about how billionaire gold investor Eric Sprott recently sold 3.3 million shares of Kirkland Lake Gold (TSX: KL) for proceeds of CAD$168 million and has reinvested CAD$139.5 million of this money into 17 different small-cap gold, silver, and nickel companies. Click here to read this article! Ely Gold […]<\/p>\n","protected":false},"author":1,"featured_media":10573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[385,9,388,389],"class_list":["post-10572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-ely","tag-gold","tag-kl","tag-wm"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=10572"}],"version-history":[{"count":2,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10572\/revisions"}],"predecessor-version":[{"id":10576,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10572\/revisions\/10576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/10573"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=10572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=10572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=10572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}