“Forever Gold”
by gmcmahon | March 12, 2012 5:08 pm
” Forever Gold” teases with a steady stream of income for 22 years but owns no mines. Is this a gold[1] version of ”Silver Wheaton” with royalty income from acquisitions etc ?
Endnotes:
- gold: https://www.stockgumshoe.com/tag/gold/
Source URL: https://www.stockgumshoe.com/2012/03/microblog-forever-gold/
I think it is Royal Gold. The ardress I got from google maps indicates the same building as in the newsletter.
I agree that Forever Gold is Royal Gold. A satellite map shows the same picture as stocker picker service, which would like to offer the name of the stock with dividends (for a price) rising 20 % per year that lives off of royalties for prior investments in gold mining stocks. The div + yield for RGLD is currently (0.9%) hardly breathtaking.
It is more difficult to make money from pricey mature companies like Royal Gold but I have done well with Sandstorm Gold SSL, and affiliate Sandstorm Metals and Energy SND that has adapted the “streaming” methodology to oil and gas and base metals with investments in Donner Metals, (also a positive portfolio holding) and several others. The two companies have basically the same Mgmt, former principals of Silver Wheaton and they have improved the contracts to virtually derisk the process substantially. At their current low prices these companies should become “cash cows” as mines they have invested in come on stream, the latest being Rambler Metals and mining RAB-V, also a winner in my portfolio.