RE: RE: RE: Technicals kidl2,
>>>You make it sound like this a good thing for SSL and cohorts. Nothing could be further from the truth. The streaming / royalty model can only exist as long as mining is profitable.<<<
What is the down side? A stream provide could go bankrupt... unlikely but possible. What happens in that case? I'd expect that SSL would end up with an equity position in the reorganized mine... Not good but not the end of the world. I believe that Sandstorm Energy has gone through that experience with one its coal streams recently (not sure as I don't really follow Sandstorm Energy, and completely missed a nice run-up... )
The more likely scenario is that rising costs mean that than mines stay in business but remain marginally profitable, but no windwall profits. SSL thrives since gold price increases flow to the bottom line.
But I'm all good on the long side and would really appreciate hearing some negative outlooks about worst case scenarios around SSL as I am very heavily invested in SSL and still thinking of adding more... I know I shouldn't but I can't find too many miners that I can like -- ok, I really like Allied Neveda and Gran Columbia but not many others and ANV isn't performing all that well relative to say Agnico-Eagle (which I totally don't like but which is performing extremely well)...
Anyways, kidl2, I'd love to hear your negatives on SSL.... TIA