From the first uttering of, “Hi, I’m starting a gold royalty company. Can I buy a piece of your project?” to, “Hi, I have pieces of ten gold and silver projects, with partners such as Glencore and Goldcorp, leave your proposal on my desk,” in six short months.
That’s the Metalla Royalty and Streaming (MTA.C) story so far.
But the story is deeper than that – way deeper than that – because few saw little Metalla coming when it started its run.
I mean, we at Equity.Guru saw them coming and bought a piece of their company when it was nice and cheap. And we told out faithful readers about them, so there’s that.
But nobody else saw them coming.
Well, some experienced mining industry folks did.
And a few analysts.
Two things come to mind. First, C$430k per year nearly covers the cash burn of the Company, affording management the flexibility and breathing room to cherry pick the best opportunities. Second, a 10-20x cash flow multiple on C$430k suggests C$4.3 to C$8.6 M in market value. That’s from just one modest-sized stream.
But nobody else!
Until recently, when the quickly amassing Metalla portfolio hit double digits. Now, when people in the business look at our Featured Companies List and see Metalla mentioned, they say, “Oh, they’re doing it right.”
But how they’re doing it right is the secret sauce. They’re not raising millions of dollars and blowing out squintillions of shares, nor are they spending like a recent divorcee. They’ve been smart. Laser focused. And they’ve managed to lever open the boardroom doors to some big companies in the process.
In this month’s Equity.Guru podcast, we talk to Brett Heath from Metalla about exactly how his team have gone about their mission, and why everyone else isn’t following suit.
Hint: It takes a very special skill set.
— Chris Parry
FULL DISCLOSURE: Metalla Royalty and Streaming is an Equity.Guru marketing client and we hold a position in the company. Please do your own due diligence.
Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.