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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 zentrarianNZon Dec 26, 2013 2:31pm
358 Views
Post# 22038849

RE:RE:Monday Morning Quarterbacking

RE:RE:Monday Morning Quarterbackingsevencities...The CSI deal was signed in Sept. 2012. As far as I can tell, your first post was in August of this year - as you rightly say, criticizing the lack of a NI 43-101. But as others here have pointed out, Serrra Pelada did not collapse because it didn't have a 43-101, which in any case is nothing new; it collapsed because it encountered enormous unforeseen problems with flooding. Hence the title of my post.

Granted, I was wrong about Colossus, as were a lot of people, including Sandstorm management. I have no illusions that my ability to evaluate mining companies is better than Watson, Awram & Co. (If I did, I'd put all my gambling money straight into junior miners, rather than a streaming company.) Management has made mistakes, it comes with the territory. They also have some enormous successes. But IMO the only serious misjudgement they have made on the gold side is the Mongolian deal, and that was arguably more a disagreement with shareholders about risk tolerance than a mistake.

Except for that, what have we seen since CSI? Mutiny, Premier, Canadian Zinc and Columbus. All forward-looking, inexpensive NSRs. So it appears that they have already embarked on the more conservative approach that you are recommending. Maybe that was due to your flaming them in your emails to Denver, but I rather doubt it.

My point remains: Unless you have about a hundred times more stock than the rest of us on this board combined, b-tching to management after the fact is a pointless exercise, and it would be far better just to put your money where you have more confidence in management.

Bullboard Posts