MONGOLIA??? Didn't these guys learn anything from Ivanhoe...Is there currently any cash flow to come to Sandstorm from this deal???
No day like a $30 dollar down day in gold to announce a deal in Mongolia..
Don't get me wrong...Have the greatest respect for the GREAT KHAN...but the soviets left the people in Mongolia with the wrong attitude toward foreign investment...a real give me, give me attitude.
Mongolia seems to be a place for which there are eternally high hopes but very much a risky venture.
Owned the coal spin off from Ivanhoe for a couple of years. Made money on it while Ivanhoe struggle. Can't remember the name of it now....Got out, fortunately, well before it crashed and burned, fortunately....Great expectations for naught...
Down 10% on the day looks attractive but I'm keeping my hands in my pockets...