SSL vs Gold Gold (London PM fix) was +8.9% (1405.50 to 1531) in 2011 while SSL was +50% (4 to 6). YTD, gold is +16% (1531 to 1775.50) while SSL is +72.2% (6 to 10.33). SAND was + 48.1% in 2011 and is +78.2% YTD. If gold is strong over the next months and years, expect SSL and SAND to excel. Look for the mark cap of Sandstorm Gold to be over $2B by June 30, 2014. Some of the increase will come from financing; however, a significant portion should come for share appreciation.