Don't buy the stock Gold Royalty Corp (GROY) it is extremely overvalued just like its sister company Uranium Royalty Corp (UROY).
Back on September 20th, NIA sent out an alert with UROY at $4.60 per share and its TSX symbol URC at $5.88 per share.
In our September 20th alert... we calculated the value of every URC asset and came up with a total value of $1.58 per share.
NIA predicted on September 20th that Morien Resources (TSXV: MOX) would far outperform URC moving forward and would eventually surpass URC in share price. We explained that MOX's Donkin Royalty is worth more than all of URC's royalties combined.
MOX since September 20th has gained by 48.05% vs. URC declining by 36.39%. MOX hasn't surpassed URC in share price yet, but it will very soon.
GROY was created by the same people as UROY.
GROY totally overpaid for NIA's Ely Gold Royalties. GROY acquired Ely Gold Royalties at a price that was 596.67% above NIA's suggestion price!
Ely's most valuable royalty was their royalty in Wallbridge Mining (TSX: WM)'s Fenelon Project. Since GROY acquired Ely, WM has lost two-thirds of its value!
We guarantee you that Augusta Gold (TSX: G) gains 10-50X more than GROY in the upcoming months. G's market cap will surpass GROY very soon!
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's President has purchased 174,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.