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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 denisonodon Mar 04, 2013 11:47am
311 Views
Post# 21073947

RE: My plan for this week.

RE: My plan for this week.

Just a quick update on my thinking and plan.  This sell off is way over done.  Originally, the plan was to buy $2000-2500 monthly of either SAND (SSL) or STTYF (SND) depending upon the prices and my at then ration of the two stocks.  With the price drop of SSL, I'll up this to buying $2000-2500 of SAND (SSL) twice a month as long as the price is under about 9.  These are not significant purchases; however, I do like picking up more shares at prices that should look very low in 2-3 years.  Keep in mind, the company forecast (which has always  proved to be conservative) is for 70K oz in 2016.  This is more than a double in four years from the 33.5K oz reported for last year.  As previously mentioned, to me, this is just like buying a set amount of gold/silver on a perodic basis.  I consider PM (and SAND) to be better longer term than the price alternative, cash or cash equivalents. GL

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