- Sandstorm released its Hod Maden Feasibility Study last week, showcasing an operation with a 13-year mine life producing ~195,000 gold-equivalent ounces per annum.
- This was a decrease in production from the previous 2018 PFS, and we've also seen an increase in capex/operating costs, but this is still a very robust project.
- With Sandstorm trading at less than 1.0x P/NAV, the stock continues to remain very reasonably, but the technical picture could use improvement, with $5.95 now broken.
- Based on Sandstorm's solid organic growth profile and very reasonable valuation, I would view any pullbacks below $5.25 as low-risk buying opportunities.
For further details see:
Sandstorm Gold: Path To Growth Finally Less Murky