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Sandstorm Gold Ltd. Message Board

  • gary012003 gary012003 Jul 2, 2013 9:11 AM Flag

    sell-side analysts downgraded GG, AEM,...

    This morning a bunch of analysts downgraded gold miner stocks, thinking further downside of gold prices will pressure gold miners margin.

    The upside earnings cycle of gold mining stocks are over, and small miners may have survival issue, should gold price fall below $1000. The only catalyst for those beaten- down gold stocks are taken-over by large players, which I think is like picking lottery.

    Technically, most gold stocks are down by over 60% from peak prices, a classic collapse of a bull sector bubble. Chart patterns of gold stocks look very similar to NADAQ 2000-2001. Over 10 years past, NAZ still far away from the peak.

    So it may take very long time for gold stocks to back to old peak price, which will be extremely tortuous for impatient investors.

    It is too bad for our small investors to hold bag when big guys are distributing shares at higher prices.THis is the very lesson for those market players who are serious about their hard-made money.

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    • - Sandstorm's forecasted attributable production for 2013 is 33,000 to 40,000 gold equivalent ounces coming from seven active mines. Attributable production is expected to increase to approximately 70,000 gold equivalent ounces by 2016 from the Company's current portfolio of gold streams.
      -Sandstorm's cost structure, at around $430 per ounce of gold, is one of the lowest in the precious metals space and the company can weather a low precious metals price environment much better than many precious metal mining companies.

 
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