SANDSTORM GOLD -- ehemals --Sandstorm Resources - Älteste Beiträge zuerst (Seite 82)

[KMST]

Richtig gute News bei Luna Gold. Komplettes True Gold Management Team jetzt installiert welches sich auch per private placement beteiligt. Das wird was meiner Meinung nach

[trobs]

Antwort auf Beitrag Nr.: 53.065.374 von KMST am 15.08.16 22:21:14

Zitat von KMST: Richtig gute News bei Luna Gold. Komplettes True Gold Management Team jetzt installiert welches sich auch per private placement beteiligt. Das wird was meiner Meinung nach

Das würde mich natürlich für beide Seiten freuen! Auf der Unternehmenspräsentation wird Aurizona noch mit 3 Mio CF geführt... .

Nach dem Rectructuring sah/sieht es so aus:

Gold Stream Restructuring

Under the terms of the Restructuring, the Gold Stream will be terminated and replaced by two net smelter return royalties (“NSR”) (the “Aurizona Project NSR” and the “Greenfields NSR”) and a convertible debenture. The Aurizona Project NSR will cover the entire Aurizona project, including the current 43-101 compliant Reserves and Resources, and all adjacent exploration upside that would be processed through the Aurizona mill. The Aurizona Project NSR will be a sliding scale royalty based on the price of gold as follows:

3% if the price of gold is less than or equal to US$1,500 per ounce;
4% if the price of gold is between US$1,500 per ounce and US$2,000 per ounce; and
5% if the price of gold is greater than US$2,000 per ounce.

The Greenfields NSR will cover the 190,073 hectares of exploration ground held by Luna and will be a 2% NSR. Luna will have the right to purchase one-half of the Greenfields NSR for US$10 million at any time prior to commercial production.

Sandstorm will hold a right of first refusal on any future streams or royalties on the Aurizona Project and Greenfields.

The debenture will be a US$30 million debenture bearing interest at a rate of 5% per annum (the “Debenture”). The Debenture is payable in three equal annual tranches of US$10 million plus accrued interest beginning January 1, 2018. Luna will have the right to convert principal and interest owing under the Debenture into common shares of Luna, so long as Sandstorm does not own more than 20% of the outstanding common shares of Luna.
Loan Amendment

Under the Loan amendment, the maturity date of the Loan will be extended from June 30, 2017 to June 30, 2021, the interest rate will be revised to 5% per annum, payable in cash on the maturity date, and Luna will be subject to a default rate of interest equal to 10% per annum.

[trobs]

Nicht die Welt, aber langsam nährt sich das Eichhörnchen :-)


Orezone Receives Mining Permit for Bomboré

http://www.kitco.com/pr/1290/article_08152016121649.pdf

Sandstorm:

The Bomboré project, owned by Orezone Gold Corp., is the largest undeveloped oxide gold deposit in Burkina Faso containing 4.6 million ounces of measured and indicated gold resources (2.0 million ounces of oxide resources and 2.6 million ounces of sulfide resources). Gold resources occur at surface in several zones along an 11 kilometre strike length. Resources are open at depth and the average drilling depth to date is about 120 metres below surface.

The gold mineralization occurs within the main Bomboré shear zone and is associated with silica, sulphide and carbonate-albite-tourmaline-biotite alteration as well as arrays of quartz veins and veinlets. Gold is free and mainly associated with minor pyrite, chalcopyrite and arsenopyrite disseminations and stringers.

The Bomboré project is located 85 kilometres east of the capital city of Ouagadougou and is adjacent to the national paved highway. The available infrastructure includes a high voltage power line nearby, access to sufficient water and a local labor force.
Terms

Sandstorm has a 0.45% net smelter returns (“NSR”) royalty on the Bomboré project. Sandstorm made an upfront payment of US$3 million to acquire the royalty in January 2015 (the “Upfront Royalty”). Sandstorm has committed to an additional US$5.0 million in royalty financing, available to Orezone on a drawdown basis for a period of two years (the “Standby Royalty”). Orezone can access the Standby Royalty in the following three tranches:

US$1 million for a 0.15% NSR;
US$1 million for a 0.15% NSR; and
US$3 million in cash or shares for a 0.45% NSR.

Sandstorm has a right of first refusal (“ROFR”) on any future stream or royalty financings related to the Bomboré Project until 36 months following the achievement of commercial production at the mine.

Orezone has the option to repurchase the Upfront Royalty from Sandstorm for a period of 36 months, at a premium of 10% per year up to a maximum of 30%. The Standby Royalty can also be repurchased at a premium of 10% per year if Orezone completes a gold stream financing and Sandstorm participates for no less than US$30 million.

[Popeye82]

www.mining.com/web/erdene-provides-update-on-gold-projects-i…

[trobs]

Sandstorm Gold Provides Project Updates

Vancouver, British Columbia | September 14, 2016

http://www.sandstormgold.com/news/release/index.php?&content…

[trobs]

...With $48 million in after-tax cash flow estimated for 2017 (based on its existing royalties and streaming assets, and a gold price of $1,300 per ounce), Sandstorm is trading at a 2017 EV/CashFlow of 15.56.

This doesn't necessarily make the stock cheap. However, looking out to 2021, you'll see above that Sandstorm is projecting strong growth in after-tax cash flow to $68 million, so shares trade at a 2021 EV/CashFlow of 10.9, which is a very reasonable valuation. Again, this cash flow comes from all of Sandstorm's existing assets, which do not require any further capital committments; I expect the company to complete a number of deals between now and 2021. It also does not include a number of equity and debt investments Sandstorm holds, which I'll discuss in a bit.

Sandstorm also carries big leverage to gold prices - with a rise in gold prices to $1,600 per ounce, silver to $23 per ounce, and copper to $3 per pound, Sandstorm estimates $87 million in after-tax cash flow in 2021, just from higher gold prices. If four additional assets come to production by then (mainly, the Cerro Morro silver stream and the Hackett River royalty), Sandstorm would recognize an additional $21 million in after-tax cash flow, bringing its 2021 total to $108 million. If this is the case, shares trade at a 2021 EV/CashFlow of just 7.

Now, I want to talk briefly about the additional assets Sandstorm owns that give it even greater upside potential.

First, Sandstorm says that over 110 streams and royalties are not included in this cash flow forecast; of course, these assets could provide further cash flow in the future and give the company optionality to higher gold prices.

Next, Sandstorm owns right of first refusals and royalty buyback rights on over 30 contracts in which it can buy new streams and royalties. One example is Sandstorm's royalty with Orezone Gold and its Bombore project, as it gives Orezone the option to draw down $1 million for a .15% NSR, up to $5 million or .75%. I hope Orezone exercises this option, because I am bullish on the company's Bombore project.

Another example is Sandstorm's royalty on Castle Peak Mining's Akorade Project and eight royalties in acquired in Nevada, which were all acquired in a deal back in January of 2015; these royalties have ROFR's, so no other gold streaming company can complete a deal on these assets.

Next, the company's valuation does not include the significant amount of equity and debt investments held by Sandstorm. And these are pretty significant: according to the company's corporate presentation, it holds $88 million in non-core investments - $35 million in equity investments and $53 million in debt investments. This includes a 7.5% stake in Mariana Resources (OTC:MRLDF), which I also own, plus a large equity and debt position in Luna Gold (OTCPK:LGCUF), and an equity stake in Columbus Gold (OTCQX:CBGDF).

Of course, there are still some risks with Sandstorm that should be addressed. For one, as I mentioned recently, Silver Wheaton (NYSE:SLW) has made it known that it intends on completing smaller streaming and royalty transactions, which I think may increase the competition for the deals Sandstorm is looking to complete. The types of deals Silver Wheaton is targeting would only cost $20 million or less upfront, which is the amount Sandstorm typically looks to spend on a development deal. This is something investors should keep a close eye on in my opinion.

I'm also skeptical that Luna Gold's Aurizona gold project will get back into production given the project's significant upfront capital requirements, as mentioned in its updated pre-feasibility study. Sandstorm's previous gold stream was restructued into a sliding scale royalty of 3% to 5% and a convertible debenture of $30 million on Luna Gold, plus a royalty on other exploration grounds. Sandstorm owns a pretty significant stake in Luna Gold and I think its success is important to the company.

New Deals...



Sandstorm has over $110 million in available capital and is looking to complete more acquisitions, from smaller royalty acquisitions on exploration properties and slightly larger development deals, to larger "anchor" deals like the $152 million multi-asset stream agreement with large-cap gold miner Yamana Gold.

The company is making good progress. Sandstorm recently completed the acquisition of five royalties for $3.5 million from a company called Norilsk Nickel, as listed on the company's updated corporate presentation. The company was able to provide the name of each royalty asset and the terms of each deal in an e-mail. It's a small deal, but looks like it could be a profitable one for Sandstorm, and it also gives it some long-term upside. On the downside, with the exception of the Gum Creek royalty, the deal is focused on nickel assets and not gold.

As you can see above, the main asset acquired in this deal is a 1% gross returns royalty on Western Areas Ltd.'s Forrestania nickel mine in Australia, which is in production. Western Areas is a company that carries a market cap of $683 million and cash on hand of $75.7 million, according to its corporate presentation.

According to Denver Harris of Sandstorm Gold, this is one of the highest grade nickel projects in the world, and Sandstorm expects the royalty to generate up to $1 million in cash flow per year for the next 6-10 years. That would easily be worth the cost of the deal for Sandstorm. Readers can learn more about this asset by visiting Western Areas' website and by viewing their corporate presentation.

Final Thoughts

While there are some risks, the sell-off in Sandstorm stock has presented investors with a long-term buying opportunity in my opinion. This is a growth-focused, yet profitable company that is poised to outperform going forward. I'm looking forward to continuing my coverage of Sandstorm, and I will look to buy more shares if they remain under $5... .

http://seekingalpha.com/article/4009089-sandstorm-gold-pullb…

[trobs]

Sandstorm Gold Announces 12,500 Gold Equivalent Ounces in Q3, 2016
http://finance.yahoo.com/news/sandstorm-gold-announces-12-50…


http://incakolanews.blogspot.de/2016/10/sandstorm-gold-sand-…

Take the preliminary 12,500 oz AuEq that SAND says they've sold in 3q16, add in an average price, assume the same type of split between gold sales and royalty revenues as in previous quarters, come up with a chart like this:



That's a guesstimate of U$16.625m for 3q16. A reasonable quarter. There's room for the stock price to go higher on that.

[KMST]

Antwort auf Beitrag Nr.: 53.400.420 von trobs am 03.10.16 22:24:46

sieht aus als präsentiert sich hier bald eine langfristige kaufgelegenheit...cash hab ich wieder genug auf der hohen kante nach der kirkland gold newmarket gold übernahme.

mal schauen

[trobs]

Nolan Watson (Denver Gold Forum 19.September)

Bought another three royalties, one of them is cash flowing, so it´s 134 streams and royalties of which 21 are cash flowing.

No debt

65.000 AuEqOz by 2019 all bought and paid for, so no additional cost, our cost 300 Dollar per Ounce

Agreement with Yamana for Cerro Moro: if CM is not on time, Sandstorm gets ounces from another property

Until 2019 operating Cf will go up to 58M Dollar a year, until 2021 nearly 70M Dollar a year

Production: 85% precious metals, 15% base metals

88M Dollars non-core investments (equity or debt investments in other mining companies), we want to monetize on some of them to help with our growth

The Cf above is only a small part of the streams and royalties because a number of assets are NOT included in the "base Cf":

1. Increase of gold price brings not only higher Cf, but also at 1600 Dollar gold price brings in the development of four assets with another 20M Cf....until 2021 could be 100M Cf a year

2. Still 110 streams and royalties are NOT included in these numbers

3. Further unrecognized value: Reserve and resource expansion, more ounces were discovered on Sandstorm properties than were mined in 2016

4. Further unrecognized value: 9 development projects which are NOT in the Cf forecast with about 1,2M AuEqOz attributable to Sandstorm

5. Further unrecognized value: Exploration Acorns (Today´s acorns might become tomorrow´s development assets): 90 exploration stage properties, 25 of which are advanced stage

6. Further unrecognized value: Royalty Buyback Rights: Over 30 contracts to buy new royalties and streams at a fixed price (these are in addition to the 134)

http://www.wsw.com/webcast/dgf16/ssl.to/?lobby=true&day=1

[trobs]

$16.8 million Ich glaube die Schätzung war ziemlich gut:-)


Sandstorm Gold Announces 2016 Third Quarter Results


VANCOUVER, Nov. 9, 2016 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2016 (all figures in U.S. dollars).

— THIRD QUARTER HIGHLIGHTS

Attributable gold equivalent ounces sold1 of 12,588 ounces (Q3 2015 – 10,834 ounces);
Revenue of $16.8 million (Q3 2015 - $12.1 million);
Average cash cost per attributable gold equivalent ounce of $255 resulting in cash operating margins1 of $1,081 per ounce (Q3 2015 - $307 per ounce and $809 per ounce respectively);
Operating cash flow of $10.3 million (Q3 2015 – $8.2 million);
Net income of $6.9 million (Q3 2015 – $5.5 million loss); and
The Company completed an equity financing for aggregate gross proceeds of $57.5 million. The majority of the net proceeds were used to reduce the balance of the Company's revolving credit facility. As a result, the Company currently has no bank debt and the entire $110 million revolving credit facility remains available for acquisition purposes... .

http://www.minenportal.de/artikel.php?sid=183403&lang=en#San…