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Sandstorm Gold Ltd. T.SSL

Alternate Symbol(s):  SAND

Sandstorm Gold Ltd. is a Canada-based precious metals-focused streaming and royalty company. The Company is focused on acquiring streams and royalties from mines. It holds a portfolio of approximately 250 royalties, of which 40 of the underlying mines are producing. The Company’s segments include Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Diavik, Fruta del Norte, Hounde, Mercedes, Vale Royalties, Vatukoula and Other. Aurizona mine is in Brazil. The Blyvoor gold mine is located on the Witwatersrand gold belt, South Africa. The Bonikro gold mine is located in Cote d’Ivoire. Caserones open pit mine is in the Atacama region of Chile. Cerro Moro mine is situated in Santa Cruz, Argentina. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Diavik mine is located in Lac de Gras, Northwest Territories, Canada. The Fruta del Norte gold mine is located in Ecuador.


TSX:SSL - Post by User

Bullboard Posts
Comment by denisonodon Sep 16, 2012 11:30pm
421 Views
Post# 20374381

RE: RE: SSL vs Gold

RE: RE: SSL vs Gold

Unlimited,  I don't know about 6 months; however, I'll bet there will be additional financing within 18 months.  Nolan stated on the Kitco interview last week that he intended to place $300-350 million within 18 months.  Note that is just prior to the wt expiration (4/23/2014).  With $170 million in cash, $50 million in loan facility, and $10 million cash flow per quarter (~$60 million of 18 months), they would still need to raise another $100 million, or so.  If the warrants was exercised early, that could raise up to $46 million prior to the expected April 2014 "funding."  Questions: (1) How much cash will the need to finance; (2) How much loan facility will they tap (Note: Nolan has stated that the current loan facility could be expanded.); and (3) How much cash/loan facility will he want to keep to keep in reserve?  My guess is they will seek to raise ~$100 million more when the stock price gets in the 14-18 area (maybe in 6-12 months).

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