What is a good price for Sandstorm metal?

By sphereya, December 13, 2011

Hey Travis (and irregulars),

What is a solid price to buy for Sandstorm metals? I was thinking anything under .40, but was curious if anyone had a valuation that is making them target a certain price. It has really gotten creamed as of late. Any valuations or price thoughts on Sandstorm gold are welcome as well.



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Travis Johnson, Stock Gumshoe
Hi Russell, I haven’t done anything with my SND position lately — this is very much both an early stage company and a commodity price-sensitive company, which means that the collapse in commodity prices (due to fear of Europe trashing the global economy) and the fear-motivated run to “safer” assets (dividend paying stocks, etc.) are both bad for Sandstorm. The company is in fine shape with a lot of cash on the books, and a substantial amount of “guaranteed” cash flow for the next 5-8 years (cash flow in excess of their current market cap), and I like their management,… Read more »
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