SANDSTORM GOLD -- ehemals --Sandstorm Resources (Seite 98)

[eric949]

Antwort auf Beitrag Nr.: 40.863.719 von Isengrad am 14.01.11 15:52:34

So, habe gerade noch mal recherchiert.

Du bringst da scheinbar einiges durcheinander:

Sandstorm hat einen Deal von Silvercrest und das ist der von mir genannte,
der auch genau so auf der Website von Sandstorm aufgeführt wird (siehe mein
Posting von gerade).

Daneben hat Silvercrest Vorwärtsverkäufe getätigt. Das ist wahrscheinlich
das, was Du meinst.
Nur haben diese Vorwärtsverkäufe nicht das geringste mit Sandstorm zu tun...
das sind 2 völlig verschiedene paar Schuhe...

Was Silvercrest/Santa Elena betrifft, dürfte meine Schätzung also korrekt sein.

[eric949]

Antwort auf Beitrag Nr.: 40.863.719 von Isengrad am 14.01.11 15:52:34

Würde mich freuen, wenn das so wäre - nur geht das aus der Sandstorm-Website
nicht hervor:

http://www.sandstormresources.com/s/SantaElena.asp

Sandstorm Transaction

Sandstorm has acquired 20% of the life of mine gold production from Santa Elena for an upfront payment of US$12 million in cash and 3.5 million common shares in Sandstorm plus ongoing per ounce payments equal to the lesser of US$350 and the then prevailing market price per ounce of gold. Sandstorm will not be required to contribute to capital or exploration expenditures in respect of the mining operations of Santa Elena.

In the event that SilverCrest completes a positive technical report on an underground portion of the Santa Elena Project, Sandstorm will have the right (but not an obligation) to purchase 20% of the payable gold from the Santa Elena Underground Mine for an upfront payment that is equal to 20% of the upfront capital expenditures made by SilverCrest, adjusted pro rata for the gold to gold equivalent ratio of silver, plus ongoing per ounce payments equal to the lesser of (a) US$450 and (b) the then prevailing market price per ounce of gold.

Und in der Sandstorm-Präsentation vom November 2010 (Seite 15, kannst Du auf der Website runterladen) auch kein Wort davon:

SANTA ELENA PROJECT: SILVERCREST MINES
VPP Terms

• Sandstorm receives 20% life of mine gold production (at US$350/oz ongoing payment)
payment)
• Expected production is 35 koz of gold per year for a 8 year mine life with significant exploration upside; production began in Q4 2010
• Underground potential potential


Wenn Du andere Infos hast, dann nenne bitte mal eine Quelle inklusive Link.

[Isengrad]

Antwort auf Beitrag Nr.: 40.843.182 von eric949 am 11.01.11 21:50:32

Deine Rechnung kannst du knicken.

Hättest nur zwei Seiten vorher lesen müssen -
und dann bei Silvercrest nachlesen.

Sandstorm erhält in 2011 alleine von Silvercrest
24.000Unzen, die schon bezahlt sind - 2012 übrigens
weitere 15.000Unzen, die schon bezahlt sind.

Überdies 20% der Goldproduktion zu ca. 500USD/Unze.
Da 35.000 Unzen geplant sind, also die 7.000, die
du auch annimmst.

Alleine die 24.000Unzen bringen über 30 Mio Cash dieses
Jahr. Und sowas verschweigst du uns.
Isi

[graue eminenz]

Antwort auf Beitrag Nr.: 40.843.182 von eric949 am 11.01.11 21:50:32

und bei goldpreis 900 bzw. 800

irgendwie kommt das gute teil nicht in die gänge

[eric949]

SCHÄTZUNG GOLDMENGE 2011

(A) AURIZONA PROJECT
• Sandstorm receives 17% life of mine gold production (at US$400/oz ongoing payment).
• Mine production is estimated at 60 koz of gold in 2011, 80 koz in 2012 increasing to 100 koz thereafter. Studies underway to increase production and mine life.
>>> 10.020 oz Gold für Sandstorm

(B) BLACK FOX MINE
• Sandstorm paid US$56.3 million to receive 12% life of mine gold production (at US$500/oz ongoing payment).
• Mine production is estimated at 110 koz of gold in 2011 and increasing thereafter. Significant exploration upside.
Brigus has 24 month option to repurchase 50% of the gold stream for a payment of US$ 36.6 million.
• Mine life of 8.6 years based on existing reserves.
>>> 13.200 oz Gold für Sandstorm

(C) SANTA ELENA PROJECT
• Sandstorm receives 20% life of mine gold production (at US$350/oz ongoing payment)
• Expected production is 35 koz of gold per year for a 8 year mine life with significant exploration upside; production began in Q4 2010
• Underground potential
>>> 7.000 oz Gold für Sandstorm

(D) SUMMIT MINE
• Sandstorm receives 50% of first 10,000 ounces of gold produced and 22% thereafter for the life of mine (at US$400/oz ongoing payment).
• Mine production is estimated at 10 koz of gold per year for 10+ years, with upside potential.
>>> 5000 oz für Sandstorm

(E) MING MINE
• Sandstorm receives 25%-32% of the first 175,000 ozs of gold production and 12% thereafter. No ongoing payment for ounces delivered.
• Mine production is estimated at 12 koz of gold annually. Exploration upside to be pursued during development.
>>> Einnahmen wohl erst in 2012 zu erwarten.

GESCHÄTZTE GESAMTMENGE SANDSTORM-GOLD FÜR 2011:
ca. 35000 oz

DURCHSCHNITTLICH VON SANDSTORM FÜR DEALS 1-4 GEZAHLTER PREIS PRO UNZE:
15.058.000 US $ / 35000 Unzen = ca. US $ 430 pro Unze

SCHÄTZUNG EINNAHMEN SANDSTORM 2011

(A) BEI GOLDPREIS US $ 1000:

35000 Unzen x US $ 570 (US $ 1000 - US $ 430)
= ca. 20 Millionen US $ Einnahmen für Sandstorm
abzgl. 2 Millionen Dollar Kosten (gemäß letzten Q-Zahlen, siehe Punkt "Total Expenses“)
= ca. 18 Millionen US $ Gewinn für Sandstorm (vor Steuern)
= ca. 16 Millionen US $ Gewinn nach Steuern (pauschaler Abzug von 10%)
/ 318 Millionen Shares
= EPS ca. US $ 0,051
x KGV 15 = US $ 0,76
x KGV 18 = US $ 0,91

(B) BEI GOLDPREIS US $ 1100:

35000 Unzen x US $ 670 (US $ 1100 - US $ 430)
= ca. 23,5 Millionen US $ Einnahmen für Sandstorm
abzgl. 2 Millionen Dollar Kosten
= ca. 21,5 Millionen US $ Gewinn für Sandstorm (vor Steuern)
= ca. 19,3 Millionen US $ Gewinn nach Steuern (pauschaler Abzug von 10%)
/ 318 Millionen Shares
= EPS ca. US $ 0,061
x KGV 15 = US $ 0,91
x KGV 18 = US $ 1,09

(C) BEI GOLDPREIS US $ 1200:

35000 Unzen x US $ 770 (US $ 1200 - US $ 430)
= ca. 27 Millionen US $ Einnahmen für Sandstorm
abzgl. 2 Millionen Dollar Kosten
= ca. 25 Millionen US $ Gewinn für Sandstorm (vor Steuern)
= ca. 22,5 Millionen US $ Gewinn nach Steuern (pauschaler Abzug von 10%)
/ 318 Millionen Shares
= EPS ca. US $ 0,071
x KGV 15 = US $ 1,06
x KGV 18 = US $ 1,27

(D) BEI GOLDPREIS US $ 1300:

35000 Unzen x US $ 870 (US $ 1300 - US $ 430)
= ca. 30,5 Millionen US $ Einnahmen für Sandstorm
abzgl. 2 Millionen Dollar Kosten
= ca. 28,5 Millionen US $ Gewinn für Sandstorm (vor Steuern)
= ca. 25,6 Millionen US $ Gewinn nach Steuern (pauschaler Abzug von 10%)
/ 318 Millionen Shares
= EPS ca. US $ 0,08
x KGV 15 = US $ 1,21
x KGV 18 = US $ 1,45

(E) BEI GOLDPREIS US $ 1400:

35000 Unzen x US $ 970 (US $ 1400 - US $ 430)
= ca. 34 Millionen US $ Einnahmen für Sandstorm
abzgl. 2 Millionen Dollar Kosten
= ca. 32 Millionen US $ Gewinn für Sandstorm (vor Steuern)
= ca. 28,7 Millionen US $ Gewinn nach Steuern (pauschaler Abzug von 10%)
/ 318 Millionen Shares
= EPS ca. US $ 0,09
x KGV 15 = US $ 1,36
x KGV 18 = US $ 1,63

(F) BEI GOLDPREIS US $ 1500:

35000 Unzen x US $ 1070 (US $ 1500 - US $ 430)
= ca. 37,5 Millionen US $ Einnahmen für Sandstorm
abzgl. 2 Millionen Dollar Kosten
= ca. 35,5 Millionen US $ Gewinn für Sandstorm (vor Steuern)
= ca. 31,9 Millionen US $ Gewinn nach Steuern (pauschaler Abzug von 10%)
/ 318 Millionen Shares
= EPS ca. US $ 0,10
x KGV 15 = US $ 1,50
x KGV 18 = US $ 1,80

(G) BEI GOLDPREIS US $ 1600:

35000 Unzen x US $ 1170 (US $ 1600 - US $ 430)
= ca. 41 Millionen US $ Einnahmen für Sandstorm
abzgl. 2 Millionen Dollar Kosten
= ca. 39 Millionen US $ Gewinn für Sandstorm (vor Steuern)
= ca. 35 Millionen US $ Gewinn nach Steuern (pauschaler Abzug von 10%)
/ 318 Millionen Shares
= EPS ca. US $ 0,11
x KGV 15 = US $ 1,65
x KGV 18 = US $ 1,98

[eric949]

Verstehe wer will, warum der Kurs nicht anzieht...

Gold fast wieder bei $1400 und wir aktuell mehr als 2% im Minus.

Wie auch immer, ich habe mich mal hingesetzt und versucht, eine detaillierte
Kalkulation der Einnahmen und Gewinne von Sandstorm für dieses Jahr zu erstellen und
auf dieser Basis ein mögliches Kursziel zu berechnen.

Vorab folgende Anmerkungen hierzu:

- Als Kosten habe ich hierbei das in Abzug gebracht, was im letzten Quartalsbericht
als "Total Expenses" genannt wird. Dies waren ca. 500.000 US $, mal 4 genommen also
ca. 2 Millionen US $.
Dies erscheint mir zwar etwas niedrig, da hiervon ja das gesamte Management
und auch Dinge wie Mietkostn für die Gewerberäume bezahlt werden muss. Aber die
Firma ist ja noch jung und vielleicht hat man sich bei den Management-Gehältern
auf das notwendigste beschränkt und das teilweise dann wieder mit Anteilen am
Unternehmen abgegolten (soweit ich weiss soll das Management ja ca. 10% der Aktien
halten).
Ausser diesen "Total Expenses" konnte ich in den Q-Zahlen keine Kosten
finden, aber vielleicht täusche ich mich da ja auch - wenn dem so ist, dann
bitte ich um Feedback.
- Als Steuerbelastung habe ich pauschal 10% angesetzt. Zwar ist die Income Tax
in Canada soweit ich weiss 18%, jedoch verfügt Sandstorm über ein Subsidiary in Barbados, worüber die Deals Aurizona Project, Santa Ele & Summit Mine abgeschlossen
wurden. Hierfür werden wenn ich es richtig verstanden habe so gut wie gar keine
Steuern fällig (siehe Silver Wheaton), womit die mir angesetzten 10% wohl eher
zu hoch sein dürften.
- Als Basis für die EPS-Berechnung habe ich 318 Millionen Shares verwendet, da die
Warrants ja erst in den Jahren 2014 und 2015 fällig werden und somit m.E. für
die Berechnung des KGVs 2011e noch nicht herangezogen werden sollten.

Das Ergebnis kann ich schon mal vorwegnehmen:
Mein Resultat ist, dass die Aktie auf dem aktuellen Kursniveau unter Bezug auf den
derzeitigen Goldpreis deutlich unterbewertet ist. Für den Wert halte ich ein KGV
von 18 für moderat, was ich dann auch für die Kalkulation angesetzt habe. Einige
Minenwerte werden derzeit mit höheren KGVs bewertet und gelten trotzdem noch als
günstig bewertet.
Dies zugrundegelegt sehe ich bei einem Goldpreis von 1400$ und einem KGV von 18
einen fairen Wert von ca. $1.60, d.h. 100% Potential vom aktuellen Kursniveau.
Und dies beinhaltet noch nicht etwaige Produktionssteigerungen.

Für das Ganze übernehme ich natürlich keine Gewähr, ich kann mich
durchaus an der einen oder anderen Stelle getäutscht haben, auch was die zugrunde-
liegenden Daten betrifft.
Sagt bitte, wenn etwas nicht stimmen sollte oder wenn ihr Dinge anders seht oder
wenn es Ergänzungen gibt.
Im übrigen ist das Ganze natürlich nur meine Meinung und ausdrücklich keine
Kauf- oder Verkaufsempfehlung.

Ich bitte auch ganz generell um Feedback, ob Eure Erwartungen an die Aktie
ähnliche sind wie meine.

Die Kalkulation folgt dann gleich im nächsten Posting.

Würde mich über die eine oder andere Reaktion freuen.

Gruß
Eric

[elsolivars]

ebenso von heute :



Sandstorm Resources Announces an Updated Technical Report and Provides an Update on Mine Operations at Brigus Gold's Black Fox Mine

VANCOUVER, BRITISH COLUMBIA, Jan. 6, 2011 (Marketwire) --

Sandstorm Resources Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL) announces the results from a recently completed independent Technical Report (the "Report") from Sandstorm's partner company Brigus Gold Corp. ("Brigus") (TSX: BRD) and its Black Fox Mine (the "Black Fox Mine") in the Timmins Gold District, Ontario, Canada. In accordance with Sandstorm's gold purchase agreement with Brigus, Sandstorm is entitled to purchase 12% of the life of mine gold produced from the Black Fox Mine at a per ounce price equal to the lesser of US$500 and the then prevailing market price. The Report was based on the mine operations and reserves as of October 31, 2010 and was prepared in compliance with Canadian National Instrument 43-101 ("NI 43-101") by Wardrop Engineering Inc., a Tetra Tech Company, with assistance from the Brigus staff. All currency is reported in US dollars.

Highlights from the Black Fox Report include:



-- Mine life of 8.6 years based on existing reserves.
-- Processing rate of 730,000 tonnes per annum (2,000 tonnes per day
("tpd")) and a recovery rate of 94%.
-- Average cash operating costs of $502 per ounce ($66.94 per tonne milled)
-- Average annual production of 104,000 ounces of gold over the next five
years of production.



Potential upside exists beyond the results of the Report as it excludes anticipated extensions to the Black Fox ore body that remain open at depth and along strike.

Estimated Mineral Resources

As of October 31, 2010, Indicated Resources at Black Fox, including reserves, were estimated at 1,031,400 ounces of gold within 5.7 million tonnes of ore at an average gold grade of 5.7 grams per tonne ("g/t"). Additional Inferred Resources were estimated at 77,500 ounces of gold within 0.8 million tonnes of ore at 3.1 g/t. Follow up and infill drilling around these drill holes provides Brigus with high-priority exploration targets and a further opportunity for future resource additions. The gold mineral resource statement in the Report was reported at a 0.88 g/t cut-off grade for the open pit and at a 2.54 g/t cut-off grade for the underground.

The resource estimate as of October 31, 2010 shows Indicated Resources, including Probable Reserves and Inferred Resources as follows:



Table 1: Estimated Gold Mineral Resources for the Black Fox Mine (at
October 31, 2010)
----------------------------------------------------------------------------
Resources Cutoff Gold Grade Contained
(g/t Au) Classification Tonnes (g/t) Gold (oz)
----------------------------------------------------------------------------
Open Pit greater
than or
= 0.88 Indicated 3,164,200 4.4 452,197
----------------------------------------------------------------------------
Open Pit greater
than or
= 0.88 Inferred 667,100 2.6 55,979
----------------------------------------------------------------------------
Underground greater
than or
= 2.54 Indicated 2,504,800 7.2 579,182
----------------------------------------------------------------------------
Underground greater
than or
= 2.54 Inferred 115,200 5.8 21,541
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total Indicated Resources (including
reserves) 5,669,000 5.7 1,031,379
----------------------------------------------------------------------------
Total Inferred Resources 782,300 3.1 77,520
----------------------------------------------------------------------------



(See footnotes for Resources and Reserves after the Reserves table)

Estimated Mineral Reserves

According to the Report, Black Fox's estimated gold mineral reserves total 0.9 million ounces of gold within 6.4 million tonnes at an average gold grade of 4.4 g/t. The economic analysis in the Report was based on the following gold mineral reserve estimate as of October 31, 2010:



Table 2: Estimated Gold Mineral Reserves for the Black Fox Mine (at October
31, 2010)
----------------------------------------------------------------------------
Resources Cutoff Gold Grade Contained
(g/t Au) Classification Tonnes (g/t) Gold(oz)
----------------------------------------------------------------------------
Open Pit greater
than or
= 0.88 Probable 3,159,800 3.2 327,920
----------------------------------------------------------------------------
Underground greater
than or
= 2.54 Probable 2,936,000 5.9 560,008
----------------------------------------------------------------------------
Stockpile Proven 352,068 1.6 18,446
----------------------------------------------------------------------------
Total Proven and Probable 6,447,868 4.4 906,375
----------------------------------------------------------------------------

Footnotes to Tables 1 and 2:

1. Indicated Resources include Probable Reserves.
2. Metal prices used for initial cut-off calculations are $1,150 per oz for
88% of the gold sold and $500 per oz for gold sold through the gold
purchase agreement.
3. The estimated underground reserves include 10% unplanned dilution at 0
g/t grade from the backfill and 15% planned dilution at 1 g/t from the
walls for a total of 25% dilution. The estimated open pit reserves
include 30% dilution at 0 g/t and a 95% mining recovery factor for both.
The higher average gold grades for the open pit and underground in the
Indicated Resources compared to the Probable Reserves are the result of
no dilution being applied to Indicated Resources.
4. The estimated mineral resources are not mineral reserves and do not have
demonstrated economic viability.
5. Numbers may not sum as they have been rounded in all categories to
reflect the precision of the estimates.
6. The mineral resources were estimated using the ordinary kriging method.
7. The mineral reserves were estimated from the life of mine plan, which
defined sustaining capital requirements and mine operating costs, to
demonstrate that these reserves can be economically extracted and
processed. Mining losses and dilution were determined based on sub-
surface geotechnical conditions, the mining method employed and
equipment capabilities for each area of the mine.
8. Contained metal in estimated reserves remains subject to metallurgical
recovery losses.



A summary of the economic results for the base case are as follows:



Table 3: Technical Economic Results for the Black Fox Mine (at January 1,
2011)
----------------------------------------------------------------------------
Deion Technical Input or Result
----------------------------------------------------------------------------
Ore
----------------------------------------------------------------------------
Open Pit
----------------------------------------------------------------------------
Waste 31,742,315 tonnes ("t")
----------------------------------------------------------------------------
Ore 3,101,515 t
----------------------------------------------------------------------------
Total 34,843,830 t
----------------------------------------------------------------------------
Grade 3.213 g/t
----------------------------------------------------------------------------
Contained Gold 320,370 oz
----------------------------------------------------------------------------
Underground
----------------------------------------------------------------------------
Total Development 10,166 metres
----------------------------------------------------------------------------
Ore 2,928,318 t
----------------------------------------------------------------------------
Grade 5.936 g/t
----------------------------------------------------------------------------
Contained Gold 558,849 oz
----------------------------------------------------------------------------
Mill
----------------------------------------------------------------------------
Ore Treated
----------------------------------------------------------------------------
Mill tonnes 6,248,669 t
----------------------------------------------------------------------------
Ore Grade 4.419 g/t
----------------------------------------------------------------------------
Contained Gold 887,754 oz
----------------------------------------------------------------------------
Recovered Gold @ 94% 834,488 oz
----------------------------------------------------------------------------
Revenue ($000s)
----------------------------------------------------------------------------
Gross Revenue $933,241
----------------------------------------------------------------------------
Refining & Transportation Charges ($1,097)
----------------------------------------------------------------------------
Net Smelter Return $932,144
----------------------------------------------------------------------------
Royalty $0
----------------------------------------------------------------------------
Gross Income From Mining $932,144
----------------------------------------------------------------------------
Realized Price (Gold) $1118/oz
----------------------------------------------------------------------------
Operating Cost ($000s)
----------------------------------------------------------------------------
Open Pit Mine ($90,954)
----------------------------------------------------------------------------
Underground Mine ($165,391)
----------------------------------------------------------------------------
Ore Handling ($33,180)
----------------------------------------------------------------------------
Mill ($86,419)
----------------------------------------------------------------------------
Assay Lab ($12,033)
----------------------------------------------------------------------------
G&A ($30,696)
----------------------------------------------------------------------------
Operating Costs ($418,314)
----------------------------------------------------------------------------
$502/oz
----------------------------------------------------------------------------
$66.94/t milled
----------------------------------------------------------------------------
Cash Operating Margin $513,829
----------------------------------------------------------------------------
$616/oz
----------------------------------------------------------------------------
$82.23/t milled
----------------------------------------------------------------------------
Capital Cost
----------------------------------------------------------------------------
Open Pit ($11,747)
----------------------------------------------------------------------------
Underground Mine ($62,137)
----------------------------------------------------------------------------
Environment ($206)
----------------------------------------------------------------------------
Mill ($728)
----------------------------------------------------------------------------
Total Capital ($74,818)
----------------------------------------------------------------------------
Cash Flow $439,012
----------------------------------------------------------------------------
(NPV 5%) $359,386
----------------------------------------------------------------------------



Upside Opportunities

Brigus believes that there is significant upside opportunity for additions to reserves and resources from its ongoing exploration drilling program within the 42 square kilometre Black Fox Complex including potential extensions to the Black Fox ore body.

The Report identifies the following upside operating opportunities:



-- Potential expansion and further optimization of the mill to enhance the
gold recovery rate by expanding, or optimizing, the grinding and
leaching circuit.
-- The deposit exhibits good potential for additional resources at depth
and along strike.
-- Cut and fill stopes have been conservatively designed and in wider areas
will support higher productivity and lower unit costs.
-- Evaluation of long hole stoping methods for steeply dipping ore blocks
to enhance underground mining productivity and lower mining costs.
-- Toll processing of lower grade, open pit ore stockpiles.



Black Fox Operation Update

Following the mid-2010 merger of Linear Gold Corp. and Apollo Gold Corporation, Brigus has optimized mining operations in the open pit while simultaneously initiating underground mine development at Black Fox. To date, ongoing development of the new underground infrastructure has been slower than anticipated. Completion of the new vent raise and portal are now targeted for completion by mid-February 2011. Construction and relocation of the vent raise and portal continue to result in logistical issues that have significantly restricted ore production from the open pit. During this transitional period the Black Fox Mill has continued to operate at 2,000 tpd by drawing down low-grade stockpiles (less than 2.0 g/t) held in inventory. During the fourth quarter of 2010, Brigus produced approximately 13,700 ounces of gold from approximately 184,000 tonnes of ore.

Brigus is committed to the completion of the underground development and near-term commencement of commercial production levels. The new vent raise and portal is nearing completion and when complete will result in the attainment of commercial production during the first quarter of 2011 and quarterly production increases over the balance of the year. The 2011 mine plan is being adjusted to reflect the updated schedule and revised guidance will be provided following completion of the portal and vent raise.

Qualified Persons

The Qualified Persons who reviewed the technical information of this news release were Richard Allan, P. Eng. and Vice President and Chief Operating Officer for Brigus and Tim Maunula, P. Geo., for Wardrop in regards to the references to the Report.

For more information on the Black Fox Mine, please visit the Brigus website at www.brigusgold.com.

ABOUT SANDSTORM RESOURCES

Sandstorm Resources Ltd. is a growth focused resource based company that seeks to complete transactions with companies that have advanced stage development projects or operating mines. By making upfront payments to its partners, Sandstorm receives gold purchase agreements (i.e. metal stream deals). Sandstorm helps other companies in the resource industry grow their businesses, while acquiring attractive assets in the process.

Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase agreements with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corporation, Rambler Metals and Mining plc and Brigus Gold Corp. For more information visit: www.sandstormresources.com.

Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled "Risk Factors" in Sandstorm's annual information form for the financial year ended December 31, 2009. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Gold Wheaton Gold Corp., Silver Wheaton Corp., Royal Gold, Inc., and Franco-Nevada Corporation.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Sandstorm Resources Ltd.
President & CEO
[phone]



Sandstorm Resources Ltd.
Investor Relations Contact
[phone]

www.sandstormresources.com

[elsolivars]

akuelle meldung von heute :



Sandstorm Resources Releases US$7 Million to Rambler Metals & Mining and Provides Update on Ming Mine

VANCOUVER, BRITISH COLUMBIA, Jan. 6, 2011 (Marketwire) --

Sandstorm Resources Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL) has remitted US$7 million of the remaining US$13 million due to Rambler Metals & Mining PLC ("Rambler") (AIM: RMM; TSX-V: RAB). In accordance with its gold purchase agreement, the Company will remit the remaining US$6 million to Rambler upon Rambler receiving all remaining permits to construct the Ming Mine, which is expected in the first quarter of 2011.

MING MINE

Operational Update



-- The contractor has mobilized for Nugget Pond foundation work and the
second means of egress via shaft is progressing well. The anticipated
completion date for both projects is January 30, 2011.
-- Financing and delivery terms have been negotiated for all underground
equipment and all major components for new concentrator.
-- New exploration development has begun to the top of the 1807 zone via
the 1600 ft level. This new development will also be used for ore
access.
-- Early construction permits have been received from the Department of
Natural Resources for office/dry facility and fresh water supply.
Construction is well underway with all foundation work completed and the
building is 50% constructed. The anticipated completion date is March
2011.
-- Refurbishment of mine ventilation infrastructure has begun including
replacement of the building and heating units.



Exploration

Rambler has restarted the exploration program on the Ming Mine property. The program will particularly focus on three main components:



-- Conversion of the 1.8 million tonnes of inferred resources into the
measured or indicated categories.
-- To further define the extents of known mineralization. A portion of the
resources for this program will be used delineate the extents of 1700
level wire gold zone.
-- Identify new zones and mineralization through the use of 3D modeling
techniques.



Rambler is confident that once new diamond drill access is provided by pre-production development, new mineralization can be quickly added to the existing reserve-resource estimate.

The first exploration development program to the top of the 1807 Zone is now complete and has exposed a number of high grade mineralized lenses. All mineralization is chipped sampled daily with samples prepared and delivered to the lab for assaying. Below is a summary of two of the high grade mineralized zones intersected during this development program.

The table also includes assays from a massive sulphide zone reported from underground diamond drillhole RMUG10-168, completed in November 2010. This drill hole was designed to test the potential up-plunge extension of the 1700 level wire gold zone. Poor drilling angles prevent further testing from that level. A 0.50 meter assayed section from this massive sulphide zone returned 46.4 g/t Au.



-------------------------------------------------------------------------
Level (metric) Zone Length (m) Cu (%) Au (g/t) Ag (g/t) Zn (%)
-------------------------------------------------------------------------
338 level 1807 0.90 14.30 2.23 21.10 0.50
-------------------------------------------------------------------------
346 level 1805 1.00 3.70 6.33 59.45 2.45
-------------------------------------------------------------------------
RMUG10-168 Wire Gold 7.60(i) 2.13 4.47 21.14 2.42
-------------------------------------------------------------------------
including 0.50(i) 5.70 46.40 26.10 0.60
-------------------------------------------------------------------------
(i) Length indicates core length; True width unknown.



Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical content of this release and has reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining plc.

For more information on the Ming Mine and the ongoing exploration program, please visit the Rambler website at www.ramblermines.com.

ABOUT SANDSTORM RESOURCES

Sandstorm Resources Ltd. is a growth focused resource based company that seeks to complete gold purchase agreements with companies that have advanced stage development projects or operating mines. A gold purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, receives a percentage of the gold produced for the life of the mine. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.

Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase agreements with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corporation, Rambler Metals and Mining plc and Brigus Gold Corp. For more information visit: http://www.sandstormresources.com

Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled "Risk Factors" in Sandstorm's annual information form for the financial year ended December 31, 2009. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Gold Wheaton Gold Corp., Silver Wheaton Corp., Royal Gold, Inc., and Franco-Nevada Corporation.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Sandstorm Resources Ltd.
Investor Relations Contact
[phone]

www.sandstormresources.com

[eric949]

Antwort auf Beitrag Nr.: 40.808.349 von jerobeam am 06.01.11 09:37:45

Könnte mir bitte jemand mal kurz erklären, was es mit den Warrants/Options
auf sich hat ?
Was ist der genaue Unterschied zwischen Warrants und Options und wie wirken
sich beide auf die Sharezahl aus ?

Soweit ich weiss, müsste man für die Berechnung des KGV die erhöhte Sharezahl
(also inklusive Verwässerung durch Warrants/Options) verwenden ?

Besten Dank

[jerobeam]

zum Cash:
Cash Q3 war $30.4m
+ Einnahme durch Q4 Kapitalerhöhung $32.8m
+ Kosten für Brigus Gold $56.3m
= Übriges Cash $6.9m