Sandstorm Gold Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:44 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kidl who wrote (293)	10/4/2010 10:17:45 PM
From: riversides	Read Replies (1) of 1133

Sandstorm Resources (SSL:TSXV; C$0.78) has accepted the feasibility study of Rambler Metals and Mining PLC (TSXV: RAB)(AIM: RMM) on its copper-gold Ming Mine in Newfoundland, Canada. Sandstorm will now remit the second deposit of $2,000,000 to Rambler. The third deposit of $13,000,000 is due upon award of all key permits to construct the Ming Mine, which is anticipated by year-end. The gold purchase agreement with Rambler has been amended to provide certain protective measures to Sandstorm. Sandstorm now has four agreements in place by which it has made upfront payments that entitle it to receive volumebased production payments (i.e. “metal stream” deals) and royalties on precious metals production. Sandstorm pays a fixed price per ounce agreed in advance (representing production costs) and is then free to sell the metals produced at the market price. Sandstorm has begun receiving its first gold as Luna’s Aurizona mine in Brazil begins production. Two other mines in which Sandstorm holds interests are due to begin production over the next few months. Sandstorm offers investors exposure to the gold market and a lower risk way to get involved in gold mine development.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next