RE: Jay Taylor in todays Gold Report @MrC wrote: Assume that gold went to $5,000/oz, and the cost of production goes up to $4,900/oz. That would squeeze the producers' margins. But Sandstorm would still be buying some agreed to percentage of life of mine production at, say, $400/oz
That's the right concept, but a bad example. Under those terms, Sandstorm would receive ZERO becaue the miner would shut down first.
I do agree with you 100% that Sandstorm has a good business model. I only wish I could afford to buy more, but I'm keeping some powder dry, just in case. GLTA, Trin