Jay Taylor, in the May 16, 2013, edition of Gold, Energy & Tech Stocks, says buy Sandstorm Gold Ltd., recently $6.99. Mr. Taylor said buy five times from June 19, 2009, to Oct. 18, 2012, at prices ranging from 44 cents to $13.50 (the stock rolled back 1 for 5 in May, 2012). Assuming a $1,000 investment for each buy, the $5,000 position is now worth $9,219. Sandstorm sold 33,514 gold ounces and earned $21.9-million (U.S.) in 2012, up from 18,516 ounces and $12.48-million (U.S.) in 2011. Its average cash cost in 2012 was only $356 an ounce. It has signed a deal to buy 15 per cent of the life-of-mine gold production from Mutiny Gold Inc.'s Deflector project in Western Australia at $500 an ounce. It has paid Mutiny $9-million (U.S.) and will pay another $29-million (U.S.) when Mutiny receives the final Deflector mine permits. Sandstorm expects gold equivalent (gold, silver, platinum) production between 33,000 and 40,000 ounces in 2013, and then 70,000 ounces by 2016. One of its cheap gold suppliers, Luna Gold Corp., has raised its Aurizona mine measured and indicated gold resource by 15 per cent to 3.63 million ounces, and its inferred gold resource by 44 per cent to 1.04 million ounces, since 2011.
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