RE:RE:Sandstorm CC. Comments...Nolan made a big investment in the ETG royalty and in shares.
The SSL faithful were not happy with the risk profile.
Nolan went on record saying it may be the best deal ever made ... and on other occasions has commented about how much gold there is at Hugo North, HNE, and Heruga, particularly further down the road at HNE with Lift 2 and northern expansion of the mining (and locating the continuation of the high grade HNE orebody).
He has stuck by his guns notwithstanding the terrible price performance and teething pains at OT.
His comment was probably about Entree but could be equally applicable to TRQ. The market is ignoring the huge cash flow upside to come?
Whether it has been a profitable trade, given the time value of money, is a different matter, but revenues from Lift 1 are going to be extremely positive and probably surprise the market.
Will Rio Tinto ever let those revenues stream into public markets other than as a wholly-owned subsidiary? We shall see. Show me the money.
cg