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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
Post by sapiensunuson Jan 09, 2014 11:51am
413 Views
Post# 22074175

Market Movers want Investors to get Sick and Tired...

Market Movers want Investors to get Sick and Tired...That how it all works! With gold (and other commodities) timing and the law of supply and demand is everything. One thing has proven itself time and time again. When it gets to cheap the price will rise – the question is what defines “to cheap”? We need to look where the strength and support is. It would appear we are at that level in the short term. The way SAND does business is not like that of traditional mining companies which is what makes it attractive. This company is managed more like a proxy to the gold price itself. There is no doubt SAND will participate in a recovery (as with miners that are profitable in the traditional sense Detour, B2 or something smaller and a little nimble like MTO), but when is that going to be? The best example I can use is natural gas. Natural gas was quite expensive until fracking was discovered and supply increased coupled with warm winters that lead to a price drop. How low did it drop? Roughly to the cost of average production where it bounced and slowly rose. It’s my though this is happening to gold. Once the cost of production is reached most mines will begin to mothball or shut-in. That will reduce gold production and all demand will have to do is stay constant and the gold price will rise from there. There are also macro-economic factors (like the FED), but allot of that is noise. GWH
Bullboard Posts