Bonus could be coming from Equinox's AurizonaWhere do you see the gold price moving over the next 6 months??
With Gold currently @ $1890 means just another $110 an oz to go before Sandstorm receives an extra 1% (2.8 mil) on Equinox's Aurizona.
Terms are :
Au ≤ $1,500 = 3% NSR
Au $1,501-$2,000 = 4% NSR
Au > $2,000 = 5% NSR
136,000oz annually / 4% = 5400 oz
136,000oz annually / 5% = 6800 oz
6800oz - 5400oz = 1400 extra oz @ $2000 per ounce works out to an additional $2,800,000
Then there is also the upside with an additional 2% NSR on the Aurizona Greenfields.