Backing and filling Almost everytime I make a short term prediction, I'm wrong. That said, with the reccent trading pattern and just two weeks (or so) till YE earnings, I really doubt we will see any significant movement. For those so inclinded, this might be a time to add a few shares...if the chance comes in the 11.50-12 area. It is probably 50/50 that we see that before earnings. Earnings and comments could move the stock by as much as 10%. In short, I am not a raging bull on SSL/SAND in the short term but still see the mid 16s in Q4 and then as much as 40% higher again next year. The specifics are well covered on the board, but the key to keep in mind is that (barring a big decline in precious metals) Sandstorm Gold should grow very nicely for at least the next 4-5 years...and potentially much longer. I consider it overpriced based on past results, fairly priced based on 2013 projections, and moderately under priced based on 2015 projections. With exercised warrants, a moderate secondary offering and 40% share appreciation, Sandstorm could reach $5B in market cap within 3-4 years. It is probably hard to look that far out, but for those that do and invest the rewards could be outstanding. I maintain my BUY rating at and above 12 and a strong buy when the stock drops in the 11s. As a side note, picked up another 5K of STTYF (SND) earlier in the week. With my ratio of SAND to STTYF at 82/18, it was prudent to add to the little sister this month. GL and have a great weekend.