12:14:37 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Sandstorm Gold Ltd (2)
Symbol SSL
Shares Issued 117,657,587
Close 2014-11-28 C$ 3.03
Market Cap C$ 356,502,489
Recent Sedar Documents

Taylor says buy Sandstorm Gold

2014-11-28 20:36 ET - In the News

Jay Taylor, in the Nov. 14, 2014, edition of Gold, Energy & Tech Stocks, says buy Sandstorm Gold Ltd., recently $3.26. Mr. Taylor said buy seven times between June 19, 2009, and Dec. 18, 2013, at prices ranging from 44 cents to $13.50 (the stock rolled back 1:5 in May, 2012). Assuming a $1,000 investment for each of the seven buys, the $7,000 position is now worth $5,000. Mr. Taylor says Sandstorm is the one stock he would encourage investors to buy once they "climb out of their bunkers" and recover from the recent plunge in gold price. Like any other gold miner, the company's earnings are leveraged to the price of gold, he says, but it does not need to worry about cost overruns or sustaining capital expenditures. Under its gold streaming model of securing the contractual right to buy a fixed percentage of a mine's production at a set price, Sandstorm's costs are fixed. In the first six months of 2014, its cost of buying such gold was a mere $334 an ounce, notes the editor. There are currently five mines providing cash flow to Sandstorm, and their production all have the potential to expand according to Mr. Taylor. When the gold market finally turns around, these shares will quickly respond in kind, he concludes.

© 2024 Canjex Publishing Ltd. All rights reserved.