RE: RE: RE: RE: RE: : new warrants It's not far fetched, at all. That would give them a $3.2 billion market cap with the current shares oustanding. Royal Gold's market cap is currently $5.2 billion - They are making about $25 million net income per quarter currently and cash flow $40 mill a quarter. I believe Sandstorms last quarter was $11 mill in cash flow and $5 mill in net income. We have Metanor's mine coming online very soon which will add 12K ounces a year. So we're really not that far off. I would argue that we have far more upside than Royal Gold and Franco. Consider the Luna deal for example, where they released a new 3 mill ounce resource this year... they are going keep expaning the resource...I bet it turns into a 250K+ a year mine by 2016 or sooner (17 percent to sandstorm). I think the potential for Metanor's mine is also nice, could be turning out 100K a year (20 percent to us). Brigus' Black Fox will be 110K plus as well. So our growth profile is already really nice! Without even counting in potential future deals! Without counting the high potential (in my opinion) for the Solitario NSR and Magellan to turn into streams instead. I am looking forward to seeing their next move, whether it's a deal with Rainy River, Corvus Gold, Kimber, Goldgroup, etc....... maybe it'll surprise me.