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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 royalties and gold and other metals. The Company holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing. Its segments include Antamina, Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Fruta del Norte, Hounde, Mercedes, Vale Royalties, and others. Antamina open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers (km) north of Lima. 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. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Mercedes gold-silver mine in Sonora, Mexico. Black Fox mine and Froome mine are located in Ontario, Canada.


TSX:SSL - Post by User

Bullboard Posts
Comment by seanyboyon Sep 13, 2011 1:43am
361 Views
Post# 19035499

RE: Canadian Warrants analysis - Sept. 9/11

RE: Canadian Warrants analysis - Sept. 9/11I agree the Canadian warrants website is useful, but do be aware that there is no human judgment behind these numbers.  It's just plugging the Black-Scholes equation into warrants.  The equation was designed for options on blue chips, not long dated warrants on mining juniors.  If you spend some time crunching numbers on the site you'll find that the equation breaks down pretty fast in the ranges where most of these warrants trade.

As concerns SSL warrants there's no doubt they have been trading low as per Black-Scholes.  In my view there are too many ongoing credit events to think about buying leveraged calls on Canadian mining juniors, and anyone here who was around in 2008 will have that thought in mind. 
Bullboard Posts