Interview with Alex Pernin, CEO and Kevin MacLean, CIO of Star Royalties Ltd.Our previous interview: https://www.cruxinvestor.com/posts/star-royalties-strr-first-mover-originating-carbon-offset-royalties-1670Recording date: 23rd January 2024Star Royalties (TSXV: STRR) offers a compelling mix of deeply undervalued existing assets plus high-growth potential in the booming carbon credit market. Despite flying under the radar, this royalty company delivers an attractive value proposition for investors seeking commodities exposure coupled with steady cash flows.Green Star Valuation Disconnect Represents Near-Term WindfallThe real prize lies in Star's wholly-owned Green Star Royalties subsidiary, focused on financing high-quality carbon offset projects. A recent $21M strategic investment from energy giant Cenovus values Green Star at $82M - 3x Star's entire current market cap.Star Royalties retains 45.9% ownership of Green Star, presenting an enormous upside as the market eventually re-rates the stock to match this appraised value.Major Partners Validate Business ModelAlongside Cenovus Energy, mining leader Agnico Eagle owns 26% of Green Star after conducting extensive due diligence. Their backing signals confidence in management's proven pedigree and the tremendous market potential as carbon credit demand accelerates.First-Mover Advantage in High-Growth MarketGreen Star deploys capital into agriculture, forestry and clean technology projects generating certified carbon offsets. With a specialty in high-integrity credits and a North American focus, Green Star dominates a fragmented space poised for massive growth.Their low-cost production model also ensures strong profitability even if market carbon prices decline substantially from ~$50 per ton currently.Precious Metals Exposure Provides Asset BackingStar Royalties retains royalties on advanced exploration-stage gold assets plus plans to spin these out upon achieving fair value. This provides stable backing plus optionality for precious metals upside.Compelling Risk-Reward for Growth and IncomeFor investors, Star Royalties offers a compelling mix of deep value (Green Star disconnect), strategic partners validating the opportunity, exposure to booming carbon credit demand, inflation protection from carbon pricing/gold, experienced and capable leadership, and planned Green Star IPO unlocking further growth funding.It's a high-upside play merging growth and income for a commodity market recovery. This overlooked royalty company shines bright among plenty of overvalued stocks across sectors today.—View Star Royalties' company profile: https://www.cruxinvestor.com/companies/star-royalties-ltdSign up for Crux Investor: https://cruxinvestor.com
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3ª PARTE | 17 DIC 2025 | EL PARTIDAZO DE COPE
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