NYSEAM:SVLC - Post by User
Comment by
Mineshackon Feb 27, 2014 10:24pm
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Post# 22261953
RE:RE:RE:RE:RE:RE:RE:RE:$2.57
RE:RE:RE:RE:RE:RE:RE:RE:$2.57
Sandstorm will pay the additional US$10 mil to exercise the option and buy 20% of Santa Elena's underground gold production at US350 per ounce. This option exercise is in addition to the US$12 mil and 3,500,000 Sandstorm shares paid in 2009. - If 20% of total mine-life production becomes 50,000 ounces then Sandstorm will have paid SilverCrest a US$1,182 per ounce value. Further production will be bought for US$450 per ounce. - The point has already been made that our progress would have been much further behind without this deal. It all looks pretty shrewd to me.