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written by reader Sandstorm Gold positive – but has Turkey concerns

By worser, June 10, 2022

Travis – I want to purchase Sandstorm Gold (SAND) or Royal Gold (RGLD) in the next few months. SAND is a bigger holding of yours, and you seem to favor its prospects slightly ahead of RGLD. I just read ‘Two Solid Gold Stocks for 2022’, by Lyn Alden (Strategic Investment Newsletter; https://www.lynalden.com/gold-stocks/Sandstorm). She states that Sandstorm Gold (SAND) “has solid growth, but the real payoff is expected by the mid-2020s decade when their massive Hod Maden mine is planned to come online. This will be one of the biggest and highest-grade gold/copper mines in the world and is expected to massively increase Sandstorm’s cash flows. The catch is that the project is located in Turkey, which has historically been a good mining jurisdiction but is going through a lot of political and economic turbulence in recent years. Sandstorm has a good domestic project partner, and as of late 2021 they completed the feasibility study and received environmental approval.” I’d appreciate your thoughts please.

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