Sandstorm Metals & Energy Ltd STTYF

RE: RE: RE: RE: RE: Value of Thunderbird/NovaDx ho

[Baysarj]

"SND will probably trade at 6-7x cash flows" 

I think that is a little conservative given most royalty companies have traded between 15-25x cash flow or royalties.

For example, on average SLW has traded at 17x forward royalties and 27x trailing 12 month royalties since 2004.  However, silver has risen dramtaically almost every year since then. 

Having their tax structure, coupled with their growth prospects, should no doubt demand a multiple of 10x.  We could easily see 15x.