Q: Views on old Maverix team new venture? Too early to buy?
5i Research Answer:
The company is off to a fast and good start, with a first gold pour and new royalties purchased. Management is solid and this company will be watched. Shares are very tightly held currently, with 67% at three entities. We like its prospects, but considering minimal reported revenue and trading only since May, we think buyers can wait here and see what else the company does over the next few quarters. If it is going to 'go' there will be time to buy, and likely more financings along the way.