RE: RE: Gawd its getting bad in here... 1) The economics of the streaming business are much more competitive than they once were. There are few no-brainer deals.
2) SND doesn't have the cash to do one, much less "several," deals that will lead to near-term positive cash flow.
A large component of SLW's successful run was due to making deals when the metal was trading in single digits. Prices go up, profit margin goes up, and the life of the mine is extended due to more ore being profitable to extract. Management looks like geniuses.
We are in the opposite situation now, where the drop in commodity prices means both the margin is shrinking and the duration is shortening. Convexity -- duration's tricky little friend.