Hi Folks:
My typical investment over the years have been generally blue chip, mid to large cap companies that pay a dividend. Until investing in SND, I have had no prior experience with very young companies. Looking at Sandstorm Gold, the growth has been very good in such a short time. SND seems to be on a slower trajectory. For those who owned SSL in its infancy or owned other junior miners/streamers, is it the nature of what is being mined/streamed that determines the growth trajectory?
I always was under the impression that gold and base metals were always a good buy in inflationary, central bank money printing environments. Certainly when the US fed announced QE3, gold and metals really took off. They seemed to have been flat for the past few months. Is this industry news driven? I don't see any issues with the SND company fundamentals and it is the same management team as SSL, but I am trying to understand the slower trajectory. Is it because of the less than stellar deals with TER, NDX, etc., or is this the nature of the base metals business?
Would be interested in any of your thoughts on this and would welcome your experiences and insight. Thanks.