Vox Royalty: A Discounted Growth Opportunity for Precious-Metals Investors

Vox Royalty Corp is a small-cap precious-metals royalty company with a diversified portfolio of over 60 royalties. The company's shares trade at a discount to its growth prospects, making it a buy for growth-oriented investors. Backed by a shareholder-aligned management team, Vox Royalty is well-positioned for growth in the precious-metals market.

Vox Royalty Corp (VOXR) is a small-cap precious metals royalty company that has garnered attention from growth-oriented investors. With a diversified portfolio of over 60 royalties, the company's shares are currently trading at a discount to their growth prospects. Backed by a shareholder-aligned management team, Vox Royalty is well-positioned to capitalize on the strong gold and copper price backdrop and near-term catalysts.

Vox Royalty's portfolio is predominantly geared towards precious metals royalties, which make up over 70% of its portfolio weighting by NAV [1]. The company also has underlying exposure to a more diverse array of commodities, including base, battery, and certain bulk commodities. This built-in diversification helps to mitigate risks associated with a single commodity.

The company's robust growth pipeline includes multiple gold and copper projects coming into production over the next 1-3 years. This is expected to drive double-digit revenue growth and high-margin cash flow. Additionally, Vox Royalty's asset-light, defensive model requires no capital expenditures or mine operating risk, providing very high operating leverage and no debt. The company's net cash position is approximately $9M on a $151M enterprise value (EV) [2].

Vox Royalty's management team is well-aligned with shareholders, owning around 18-20% of the equity. This alignment ensures that every acquisition and dividend decision directly benefits the team's own stakes. Even after adjusting for recent share price gains, Vox Royalty trades at only 13.7× EV/Revenue and 34× EV/EBITDA (TTM) versus lower multiples at larger royalty peers [2].

Given the strong gold and copper price backdrop and Vox Royalty's near-term catalysts, there is significant upside potential to analysts' $4-$5 consensus targets. The company's track record of investing in royalties with significant growth or expansion catalysts further supports its growth prospects.

In conclusion, Vox Royalty Corp presents a compelling investment opportunity for growth-oriented investors. With a strong portfolio of royalties, a robust growth pipeline, and a shareholder-aligned management team, the company is well-positioned to capitalize on the current market conditions.

References:
[1] https://www.voxroyalty.com/portfolio-overview
[2] https://seekingalpha.com/article/4798713-why-vox-royalty-corp-is-a-buy-for-growth-oriented-investors