Sandstorm CC Q&A Here is an exeprt from the question and answer section of the Sandstorm Conference call:
Matt Williams - Perpetual Investments
Thanks for taking my question guys. In regards to Luna, is your expectation that Luna will release an updated resource statement before year end? And then as a tag along to that one, when do you guys expect to see a Phase 2 scoping study out of Luna? And then secondly, in terms of Rambler, looking out 12 to 18 months, how likely do you guys think it is that Rambler looks to build a separate gold mill to bring forward gold production from the 1806 zone?
Nolan Watson
Sure, so first start with the Luna question on the Aurizona. In terms of a new resource coming out on the project, I’m not sure if they have anything planned like that. The bulk of the drilling that they’ve done through 2012 is focused on really outside that main Piabapit.They have gone out and released results on Boa Esperança and Ferradura, Conceição areas. They are doing a little bit of additional planning.
I am not sure if any kind of significant resource expansion is planned other than really discussing some of those areas. The big focus for them at Aurizona is to really go through and take a look at this Phase 2 Scoping Study Expansion. The greater problem that they are really focusing on which is really John Blake and Peter Mah over there at Luna is to understand and really what would significantly larger than 125,000 ounce per year mill look like, what are the implications from the power side, the water issues, tailings storage facilities.
So there is a lot of questions to answer there and I think that will be the more significant type of technical report that you see over call it the next six months, six to eight months come out on that project.