Metanor Q1 Production provides SSL with 2,528 oz @ $500/ozMetanor stream is required to sell SSL 20% of production at $500/oz. WIth MTO Q1 production of 12,641 that means SSL bought 2,528. Assuming an average of ~$1300, Q1 gross profits on this stream were ~$2.2 million. Initial investment outlay for this stream was $20M in June 2011, and with roughly two years at current run rate production and flat gold price ($1300) payback period will be roughly 5 years (2016).
Given the fact that MTO has been succesful in their exploration as of late, as well as the fact that they will likely continue to ramp up production beyond current run rate, this one looks to be a winner for SSL.
https://web.tmxmoney.com/article.php?newsid=66964474&qm_symbol=MTO