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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 24, 2012 12:15pm
280 Views
Post# 20639570

RE: RE: RE: Technicals

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

Bullboard Posts