SST's ROI on Sherwood metal stream 60% now
On January 2nd, I calculated the annual return on investment for Silverstone on their recent purchase of a gold/silver stream from Sherwood Copper (now Capstone Mining):
https://www.stockhouse.com//Bullboards/MessageDetail.aspx?p=0&m=25497745&l=0&r=2&s=SST&t=LIST
Due to higher prices for gold and silver (using $950 for gold instead of $875, and $13.50 for silver instead of $11.50) the ROI is now recalculated at 59.68% for this latest acquisition by Silverstone. As prices for gold and silver go up, this ROI will go up too. I will remind you that this ROI is for
every year that the Minto mine produces metal at similar production rates. ROI is cumulative. In other words, Silverstone could get back 5 or 10 times their original investment depending upon the mine life and yearly average future prices for gold and silver.
Franco Nevada purchased a gold stream recently and their acquisition returns them approximately 10.10% compared to the nearly 60% for Silverstone's acquisition. Way to go, SST!
tooclassy