*** 50% Below IPO Round ***

GOLD ROYALTY CORP (NYSE: GROY):
TRADING FOR HALF THE IPO ROUND!

What's even crazier is that the company just received an institutional price target of $8.50/share, implying a 249% upside potential!
The company's IPO round raised funds at $5/share! In this round, self-made billionaire Rob McEwen (one of the best gold entrepreneurs EVER) and other big institutions participated and put millions of their own money at risk. Some of them have THREE-YEAR lock-ups!
  Today, shares trade under $3.15! This means the price would have TO DOUBLE, just to go back to par.

On top of that, H.C. just issued a price target of $8.50, implying a 240% upside from here in the next 12 months!
 
Royalty and streaming is an entirely different way of capturing the upside of mining activity, and in many ways, it’s a de-risked form of exposure.

First and foremost, a couple of definitions to get you started. “Royalties” are basically just a payment to a royalty holder by a property owner or project operator. Royalties are typically based on a percentage of the minerals produced and the revenues or profits generated from the property.

Royalty companies don’t have to mine for the gold themselves – they can instead fund the best projects available, let other companies do the legwork, and potentially profit from the gold discoveries.

It’s a highly compelling business model, with distinct advantages. With royalty companies, you get exposure (often magnified) to commodity prices, fixed operating costs, no development or sustaining capital costs, exploration and expansion upside without the overhead typically associated with those activities, a diversified asset portfolio, and the ability to grow without a major increase in management.

Royalties are non-operating interests in the underlying project, so the holder is generally not responsible for contributing additional funds for any purpose, including capital and operating costs.

Royalties generally limit the holder’s exposure to exploration, development, operating, sustaining, or reclamation expenditures typically associated with an operating interest in a mine. If Gold Roylaty Corp. (NYSE: GROY) received the same valuation metrics as its peers, its price would be double or triple today's! While they have limited operating exposure, royalty and stream holders do benefit from any resource expansion or upside generated by exploration success, mine life extensions, and operational expansions within the areas covered by the interest.

A royalty and streaming business model provides greater diversification than typical mining companies. These companies typically hold a portfolio of diversified assets, while mining companies generally depend on one or a few key mines.

Besides, building a mine is very capital-intensive. A mining company could finance a mine construction by issuing shares, but the investors might not like this because it could cause the company’s shares to be diluted.

A royalty arrangement can eliminate the potential for share dilution while funding value-added projects. So, the benefits to the mining company are evident.

It’s a business model that allows the company to potentially generate revenues whether the gold price is rising or falling since royalty companies set fixed prices for mining output. As a result, it’s actually not unusual for the royalty names to outperform both the price of gold and gold miners.

Moreover, royalty companies typically hold highly diversified portfolios, so this reduces concentration risk. If one of the properties stops producing precious metals, the royalty companies can lean on other producers. So, by owning shares in a royalty company, investors have exposure to a number of different companies.

Royalty and streaming companies generally offer a relatively lower-risk investment when compared to operating companies while still offering potential upside to resource expansion and underlying commodity prices. The three royalties BELOW are the crown jewel of the company's portfolio and the income, secured from them, is what makes GROY a world-class royalty business, destined to make its shareholders leveraged to the upside, in our view! You cannot and will not find another royalty company, whose management team is superior to this, trading at a price, where you're paying HALF of what the best investors in this business have paid for their shares, POINT BLANK!

Research Gold Royalty Corp. (NYSE: GROY):

• Corporate presentation can be accessed HERE!
• Watch David Garofalo (the David Garofalo) explain GROY's future prospects HERE!