A nice add on to an existing stream.
Since they are already looking at Hudabay's Constancia project why not add to the bling that is being accounted for...... When you translate Constancia you think of words like "proof"and/or "for the record."
For the record......SLW late winter Vale deal will have significant cash flow additions to the final two quarters of this calendar year....and this deal will be remembered down the road as a cherry picking add on to an already quality Hudbay deal.
It should be noted Hudbay needs stabilization and/or a bump in Cu price to make SLW all the more happy.
SLW is ripe for adding shares to when it trades below spot silver.
With SLW at 22 and spot at 21.7 it is tempting to pull the trigger.
I thought the below metric was meaningful prior to the Vale deal and yesterday Constancia deal.
Now said metric is very telling!
This long term Sandspring deal is something I thought Smallwood was going to launch with Bear Creek the Peruvian massive held in reserve money in Peru.
Maybe they still will they already own 13% of the fully diluted shares.