Sandstorm Metals & Energy Ltd STTYF

SND's chart is looking bad!

[House.of.steve]

The chart looks UGLY...$0.39 here we come!

[elmothefearless]

I've read that Sandstorm doesn't expect production from the new stream until 2022.  From a numbers perspective, I'm not unhappy with this stream, as usual.  Here are some numbers to consider:   - a small portion of HNE is still expected to be mined.  NPV per ETG website is $130 million.  Based on my calc.'s about 75% of the value of that $130 million is

[doomz78]

Tks for your summary.  I like the risk vs, reward profile. 

[zentrarianNZ]

Well, elmothefearless, you are certainly living up to your name...I must confess, Mongolia is a bit out of the ballpark for me. I suspect this is either going to be a grand slam or a strike out, and that gives me reservations, regardless of the backstop(s). But like you said, it's only one game in a long season. I just hope its not the beginning of a big Series. "Do not start if afraid

[doomz78]

Did we pay for the new stream with shares?  And if we did is it dillutive to current shareholders?

[elmothefearless]

We did pay and it is dilutive to shareholders.   OK, I was WRONG!  About the ETG stream.  I was re-reading the NR's and ETG's presentation (slowly, at home).   Ok, check this out:   ETG has mineral reserves of 27,000,000 tonnes at a grade of 1.85% copper and 0.72 g/t gold.     Now, the ETG website says this has a NPV of $129 million.  What I missed

[zentrarianNZ]

Thanks, elmo. If your numbers are correct, this deal is suddenly looking a whole lot better. Its OK to swing for the fences once in awhile, as long as you can handle striking out. I don't think the market will give either SSL or SND much added valuation for this deal for awhile yet, but that's OK, too. It isn't a huge amount of capital and there are almost certainly less risky deals in