Garrett here.
I hope you enjoyed my 5 part Masterclass, and want to thank you again for taking the time to join my free newsletter here at Golden Portfolio.
As promised when you signed-up, below you'll find the link to the Golden Portfolio FREE recommendation report.
If you've already taken the steps needed to join me as a paid Golden Portfolio subscriber. You've gotten a head start on this pick - you've made a great decision.
My report will go into much more detail as to why I'm recommending this company, below is the broad picture.
It's practically an undiscovered royalty company that owns 252 gold silver and base metal properties.
It's focused on the prolific Abitibi greenstone belt in Quebec that has produced over 200 mil gold ounces over its history.
It holds 105 royalties.
It has 13 active option agreements.
No share dilution over 10 years.
It generates about $3.0 mil revenue per year.
It carries a pristine balance sheet with no debt.
Values all mineral assets at zero on balance sheet
It holds cash and investments of $18 mil.
It's profitable every quarter.
It's run by a conservative geologist who receives only $440K in salary per year. Who owns 13% of shares and doesn't spend any money on marketing or conferences.
It holds a 2% NSR on an Agnico Eagle project that sees 200K gold/oz per year that could be worth $10 mil FCF at $2,500/oz gold.
Owns a 2% GMR on one of the world's largest iron ore projects with 67% pure high-grade clean iron to power the Green energy revolution that could be worth $14 mil/year FCF.
This company trades at a market cap of $36.5 mil.
It has an Enterprise Value (EV) of only $18.6 mil.
Based on current revenues alone, this company is worth $34.2 mil, 2X higher, at 10X smaller royalty multiple or $68.4 mil, 3X higher, at average large cap 20X royalty multiple.
When the massive iron ore project begins to move forward, this alone could add an additional $280 mil of value, or 14X current EV.
Best,
Garrett Goggin, CFA
Founder, Golden Portfolio
P.S. FREE Golden Portfolio Recommendation Report
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