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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 ovison Nov 17, 2012 3:56pm
409 Views
Post# 20614062

RE: RE: Colossal Conundrum

RE: RE: Colossal Conundrum

gloxinia, I totally agree. SSL is an investment that I might trade while CSI is just a best a short term trade. 

 

I only hold SSL.WTs and I have been trading those -- I had sold all of my position at prices about $2 and have been buying back in at prices below $1.90. I am pretty close to back to my max position but will continue to buy if it drops below $1.60.  Because SSL is a long term investment, I don't mind averaging down. I would never do that on a trade. The way I figure for SSL to take a significant hit would mean the that gold miners would taking a much worst hit -- SSL is a low cost virtual producer with excellent management and a very reasonable expense profit. Sure SSL is expensive relative to miners but SSL is going to grow their virutal production very nicely going forward. It is very hard to find a real miner that is growing production. Most are a best flat after you account for share dilution.

 

I am looking for negative arguements against SSL but there really aren't any as long as the gold market is healthy. And with the Euro, US, Japan situation we are very likely to see currency wars going forward. I have to believe that currency wars are going to be good for gold and will also be good for a select few miners. SSL as a virtual miner is likely to far very well. Its all good IMO.

Bullboard Posts