10 bucks on an NCIBAlso 10 bucks that FELP (Kameron) is going to go longwall on this gig- 5 mtpy. Budreski is a sharp cookie- on board of directors at Sandstorm, not going to piss all our cash away on drilling or adventures.
5 mtyp @ $120(100)usd for shcc - the PFS that Xstrata paid 10 milliion for uses 160 dollars a tonne for washed SHCC, gives us 3.3% of 600 million or 18 million a year or 30 cents a share.
There are some tired hands here, washed up funds wasting OPM (other peoples money) but if you want a play with no debt, great assets, take the weak shares away. There is a big wall at 20 cents but after that there is not much resistance.
With Granite, Gold and Coal 2018 revenue could look like 8-16 million which at 5 times earnings is 70 cents to 1.40 but why sell at that level as a dividend and an NCIB gives you 20% return on money.
FELP, Chris Cline, is the smartest man in Coal in the world and there is a reason he is going ahead with this mine when all mines in NA are on sale!
Cheers!