Sandstorm Metals & Energy Ltd STTYF

RE:RE:Classic case of

[materialsgirl]

Mulligan;  Your reasoning seems sound.  The only point I would make is that it is unlikely that the CSI royalty will return much cash over the next several years.  They might give up the royalty altogether in return for 50% or some other share of the outstanding shares.

They would then have to wait  12 to 48 months for the mine to stabilise before the shares could be sold at a good price.   There is also a real risk that this mine may never go ahead.  A viewpoint might evolve where investors may worry about putting good money after bad.  There is no way to know that adding new management and adding $50m cash (or whatever amount) would succeed in economic production.  Many potential deposits have a fatal flaw.  This one may have a geology fatal flaw.  I am not saying that it does but rather that this may turn out to be the case.

In any case Mulligan the SSL shareholders would welcome SND into their fold like snow in July
I agree.

Mat