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Gold/Mining/Energy : Sandstorm Gold
SAND 12.120.0%Oct 24 9:44 AM EST

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To: kidl who wrote (696)10/10/2012 3:42:08 PM
From: architect*   of 1133
 
production costs are 50% above what they get from SSL

Good point. I saw that when I reviewed Brigus Gold today. Brigus already has a good amount of debt, and that along with Sandstorm's revenue stream, I passed on Brigus, after a quick look. Brigus had a one time charge + $5.7 MM in Q2 that added to profits, they need to show more profitable operations going forward. The DD&A is very high, but they may be building working capital, I need to look closer.
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