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


To: PaperPerson who wrote (631)5/17/2012 10:58:49 AM
From: Metacomet  Read Replies (1) | Respond to of 1133
 
$24 mm market cap and money from SSL. TWO nice sounding good sized gold prospects in brazil. Ssl did our DD for us.

I am a big fan of SSL

Like the business model and the management

Still, they are bringing in funds to the tune of 1/3 of the market cap and receiving compensation if the form of small smelter returns

Given that we are talking about something on the order of 2 million ounces, assuming the inferred pans out, it just seems to me that it;s going to tale a hell of long time to recoup 8 million this way