Comment by
carinthian on May 13, 2013 2:56pm
How much was the estimated cash flow reduced in your opinion? I think they took Terrex out and could it be that the estimated coppperprice has been reduced too? So nothing to be shocked in my eyes. Regarding your missing palladium stream - page 11 of their presentation might be of interest for your. So better try next time... DYODD br carinthian
Comment by
denisonod on May 13, 2013 9:27pm
Steve, just look at pages 6 and 11-12 of the current (May 2013) corporate presentation. As I have said for more than a year, STTYF (SND) should look a lot better by early 2015. Granted, that is two more years, but mines can take 10+ years to start producing. It should take S M&E 4-5 years to start having significant cash flows. GL
Comment by
House.of.steve on May 14, 2013 9:43am
Denis, Palladium production starts in 4Q2014 (Page 11) and the Estimate Operating Cash Flow (Page 12) is until 2017, However, they did not include palladium in the "Base Case Price Assumption" (Just about the chart on page 12). They only state the Natural Gas and Copper stream. I will comnunicate with Sandstorm to confirm if this is an error.