The Answer to the Question that Everyone has About Sandstorm Metals & Energy
The million dollar question when it comes to Sandstorm Metals & Energy (STTYF) is when will the company start receiving revenue from the various investments it has made in mining and drilling projects. I have seen a number of what I believe are overly optimistic estimates on this subject over the past several months.
Many people seem to believe that drilling will begin on the company's Bracemac-McLeod any day now. After doing extensive research on the subject I have come up with what I believe is the most realistic, accurate estimate of when this project will begin generating cash for Sandstorm. I posted an interview with the CEO of the company that Sandstorm provided funding to for this project, Normand Champigny of Donner Metals. I just came across another, longer interview with him where he provides the most detailed timeline on the project that I have seen.
According to Mr. Champigny drilling at Bracemac-McLeod will commence in Mid-May with actual revenue starting to come in from copper mined from the project starting 90 days after that. This means that STTYF might begin to see cash generated from this project in Q3 of this year, but more likely in Q4. I suspect that this is a little later than many other investors believe. Once the cash begins rolling in from this project I have a feeling that STTYF's share price will begin to increase, perhaps significantly.
Fastforward to the 10:00 mark of this video if you aren't interested in watching the whole thing for the key piece of information.
Embedding the video is a little tricky on the iPad, so use the link.