A smarter way to "own" STGOif one is of the opinion that STGO might make a go of mining in Mongolia (so far they suck at it) buying shares in Triple Flag is a much smarter investment than buying shares in STGO...my opinion
Triple F already has
Triple Flag’s agreed purchase price of gold and silver from 30% to 17% of the relevant market price for delivered metals. In addition, Steppe West granted a 3% net smelter returns royalty to a subsidiary of Triple Flag on minerals derived from the Uudam Khundii property owned by Corundum.
STGO hasn't even drilled UK as yet but gave up 3% of everything they find there. UFB
Pinocchio has paid up to $2.95 buying STGO shares (quick search on SIDI) so watching insider buying is a Fools Game here. Pinocchio sure must like haircuts...got a big one here. Wonder if he told his wife how much $$$ he's down? (there was a retarded poster here that I had to put on ignore....voted in favor of massive dilution a while back with same strategy...drink the koolaid, buy high and then buy more after SP tanked to average down share costs)
TFPM.to also pays a 1.6% div....imagine getting paid to wait !! Lot's of waiting with STGO...and watching SP tank
Let STGO run around sponsoring marmots and trees, TFPM just collects their gold & silver
Triple Flag has now determined the Annual Cap Amounts upon the achievement of the Commercial Production Date as the Gold Cap Amount to be 7,125 ounces of Produced Gold annually and the Silver Cap Amount to be 59,315 of Produced Silver annually.
wonder if STGO has to buy gold & silver to pay TFPM when production shortfalls occur? Or send some marmot stew over?
JMHO