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Gold/Mining/Energy : Sandstorm Gold -- Ignore unavailable to you. Want to Upgrade?

To: PaperPerson who wrote (96)	6/27/2010 11:24:25 PM
From: PaperPerson	3 Recommendations Respond to of 1133

continuing analysis of sandstorm's numbers june presentation.... when ming mine comes on stream on 2011, ssl take 25 percent of the gold, period. no extra cost. ming, mainly a copper mine, figures it will also produce 18,000 oz per year of gold. ssl would get 4500 ounces per year for the life of the mine of that were true. at $1200 per ounce, that would be a revenue stream of $5.4 million per year.at 1300 per ounce the revenue goes up to $5.85 million. at 1300 per ounce gold, the ming mine alone is worth 2.4 cents per share based on 239 million shares out. so with ming, the fourth mine added in, we could be looking at nine or maybe ten cents per share annualized by the end of 2011.