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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 Margreton Oct 08, 2012 4:53pm
243 Views
Post# 20462474

RE: RE: RE: RE: RE: Another stream coming

RE: RE: RE: RE: RE: Another stream coming

I don't particularly like MTO management either. But when the cash is flowing from a high grade mine, it will make even bad management look good. The mine is ramping up right now. I would have sold and taken profits before long term comes, unless the development of their other deposits look good, which SSL doesn't get a percent of.

Nolan Watson and Sandstorm management team is good but not infallable. Look at the choices they made for Sandstorm M&E. One bankrupt coal company, another on the verge of bankruptcy. Most of their companies are at risk of bankruptcy if not for the recent rise in commodity prices. Not bashing, just a statement of fact. The large rise in gold prices helped make them look good. If the price of gold was very low (like how coal and nat gas dropped), then they wouldn't have as good a reputation.

Bullboard Posts