CGT and Sandstorm Interest?To FV3067 and L13 - I was interested to find this on the Sandstorm website (my bold/italics).
May 2015 - Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to provide a progress update at various projects underlying the Company’s streams and royalties. Columbus Gold Releases Updated Resource at Paul Isnard Sandstorm holds a 1.0% net smelter returns (“NSR”) royalty over the Paul Isnard project. My question is - do you think that the CGT potential mine (Montagne d'Or) with their 45% approx. 1.24 mill P&P oz, is what Sandstorm may really be interested in?
CGT needs around US$150 mill+ to build their portion of this potential mine in French Guiana to maintain their 45% holding (NG 55%). The permit should be awarded (or denied) in 2021. In fact IMO all gold projects in FG hinge on this permit being granted by the French gov’. I have posited that Marcon may grant this NG/CGT mine permit as a trial with a hold on all other permitting for several years to see how 'green' friendly this gold mine can be (as well as economically beneficial to the FG economy). This would be a olive leaf by Macron to the strong green political unit in France for allowing the permit.
Two years ago this NG/CGTmine via BFA was touted as having an approx.12 yr life at around 230,000 oz per year. That description was without 1.the infill drill results (concluded but undisclosed by majority owner NG in 2018) plus 2. the economies that will invariably be demonstrated in the NG ESIA, along with 3. a much increased gold price since the BFS calculations, along with 4. a drill result that showed gold to depth approx. 100% lower than in the BFS calculation. 5. Not to mention the exploration that was begun will outside the BFS pit.
Just food for thought. I would think that Sandstorm might be very interested? Maybe this is where the CGT mentioned further/third Sandstorm investment might be based on goals, to be achieved e.g., a permit! (beyond the two tranches mentioned).