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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

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Oct 24 9:30 AM EST

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From: Metacomet	3/13/2011 1:01:47 AM
	of 1133

Brigus looking to increase production at Black Fox mine. mineweb.com From a Stockhouse post: "Per our agreement with BRD: "Sandstorm has acquired 12% of the life of mine gold production from Black Fox for an upfront payment of US$56.3 million plus ongoing per ounce payments equal to the lesser of US$500 and the then prevailing market price per ounce of gold" From the SSL corporate presentation -- BRD production at Black Fox was estimated at 135K oz/yr (~16K oz/yr to SSL) --> a 50% increase in Black Fox production would raise yearly production to 205K oz/yr and increase our Gold Stream flow to 24.5Koz/yr to SSL. If this proceeds & assuming the volumes shown above, these BRD changes would add ~$7.5M/year profitability to SSL's bottom line.........(8500 oz x ($1400-500) 900) = ~$7.65M profit)." stockhouse.com

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