GREY:STTYF - Post by User
Comment by
thasison Jan 02, 2013 7:32pm
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Post# 20790715
RE: RE: NovaDx, Sandstorm close Tennessee properti
RE: RE: NovaDx, Sandstorm close Tennessee properti Not sure it really matters if the underlying commodity struggles. After all we are only paying $65 per ton and possibly less under the new deal?
To address your concern simply check what the price of coal is today and you should have your answer.
Good money after bad:
Funding is needed to complete an active producing stream. We simply continued to show financial support for this asset and leveraged this to our advantage. This strategy is far more desirable than one that lets the asset stagnate due to lack of equity and missing integral pieces of the puzzle.
This is in my opinion a prime example of why companies chose to do business with Sandstorm as they have a true desire to participate in a companies success and will do what is necessary to make that happen.
Cheers and Happy New Year one and all... here is to a prosperous 2013!!!!!