Dear Readers and fellow Investors,
NEWS RELEASE FRIDAY AFTER MARKET CLOSE:
Golden Predator Announces Name Change to Gold Bullion Royalty Corp; Brewery Creek and Exploration Projects to be Divested to Shareholders
It seems Golden Predator Management heard Mr. Market clear and loud, and takes the right steps. We expect Golden Predator to be the next Star on the Royalty Heavens and Investors should consider adding here.
The following represents a Comparison of T.GPD`s Royalty Growth profile to T.NSR and T.SSL:
Shares OS – Basic/fully diluted: 153 million /171 million
Current Marketcap -Basic/fully diluted: 50,6 million / 56.5 million
Cash and CashEq (basic): 6 million
(numbers are our estimates and according to publicly available information by the Operators, conservative erstimates)
NOTE!: we have added approx 5-6 month to the official operators timeline. Our experience is that most projects come in a little later than anticipated and it`s always better to conservative. However, Midways Pan could start Q2 2014 and is almost fully funded. Barrick`s project could also see earlier development than shown here.
T.NSR – Premier Royalty Corp: http://www.premierroyalty.com/
Shares OS – Basic/fully diluted: 77.9 million / 96.8 million
Current Marketcap -Basic/fully diluted: 153.50 million / 190.6 million
Cash and CashEq (basic): 40 million
T.SSL – Sandstorm Gold: http://www.sandstormgold.com/home/
Shares OS – Basic/fully diluted: 86 million / 100 million
Current Marketcap -Basic/fully diluted: 1100 million / 1278 million
Cash and CashEq (basic): 130 million
CONCLUSION:
T.GPD has, at least foreward looking a very low cash-flow multiple compared to it`s peers, and now that the risk of any money beening spent on Exploration or Development is removed should soon catch up.
A very important point also to mention is – quote:
Gold Bullion Royalty Corp.’s royalty portfolio remains unique in the mineral development industry due to its ability to receive the majority of projected revenues in-kind (gold bullion as opposed to cash). The core of the portfolio was acquired from the Lyle F. Campbell Trust; Lyle having been a very successful and acknowledged prospector and pioneer of the Carlin Trend in Nevada. None of the principal royalty projects are subject to any reductions or buy-back provisions.
Thus Gold Bullion Royalty Corp is not only the perfect Inflation hedge, but there is also the chance that once Midway and Barrick start production Investors might see a BULLION DIVIDEND, that of course could justify a even higher premium. The only Gold-Miner we are aware of, currently doing this is GORO – Gold Resource Corp. and it trades at a good premium to it`s peers. It`s long term chart looks impressive:
http://www.goldresourcecorp.com/
CONSIDER T.GPD if you like Royalty plays!
——————————————————————————————-
Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Martin Hoff has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Martin Hoff makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Martin Hoff only and are subject to change without notice. Martin Hoff assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, I, Martin Hoff, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.
