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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 metylman2000on Sep 09, 2012 8:16pm
232 Views
Post# 20340740

RE: BNN Comment

RE: BNN Comment

I don't know how many here remember CMGI during the internet splurge/purge, but it may give some hints about where SSL were to go should gold explode upwards.

CMGI was an "internet incubator". I look at it like it was to the internet what SSL, SLW are to mining...."mining incubators" you could call them I guess.

Now should gold explode (up, of course), the fact that Carrasco thinks the producers will hold more leverage could be severely misguided.

The fact that SSL doesn't share the cost structure of the producers also argues against the fact they don't have as much leverage...they actually have more....it's just spread over several mines instead of one.

CMGI got a piece of the companies everyone loved, and for that, they loved CMGI even more. SSL sits in the same position.

This is all pie-in-the-sky, and I'm not saying were going to have a similar melt-up in gold that we had in internet companies (which we very well could, mind you).

Just saying....

Bullboard Posts