Columbus Gold Corp CGTFF

CGT and Sandstorm

[123buyholdhope]

An interesting article on Sandstrom. Suggests that the company may be looking for a large buy in over the next 6 – 12 months. Not going to be a much better new high tech mine than NG/CGT’s FG mine, which should get the answer to build or not in FG the next 6 – 12 months.

Producing around 225,000 per year for 12 years based on an already out of date BFS. Now with higher gold price, likely yet to add P&P drill results and adjusted mine build dynamics etc.

CGT would need around US $200 mill as their mine build share (45%) when the mine is initiated. Mine is in a French jurisdiction so gives some stability. Might be a nice royalty consideration for Sandstorm. Others on this board know the company better than I, so maybe they can chip in here.  

Sandstorm Gold: This Gold Miner Is About To Get Much Bigger

https://seekingalpha.com/article/4350365-sandstorm-gold-this-gold-miner-is-to-get-much-bigger?li_source=LI&li_medium=liftigniter-widget

GLTA - https://twitter.com/EarthsRare

[lumpy13]

SSL is following CGT closely, having already a 1%NSR and shares in the company.  Wouldn't expect to see a big investment here as it's too far to production.  That being said, I could imagine a nice royalty deal to help its development.   More likely is a potential acquisition by Nordgold, which already has 55%.