Jsc, I am currently out of STTYF/SND and completely concentrated on Sandstorm PM part of the business: SNDXF/SSL and warrants. We are probably heading to the long time recession/depression. Energy and base metals will be first to suffer due to frozen production and economic activity. Even gold can be hit hard together with industrial commodities. But at least Sandstorm Gold has already some royalty revenue streams and earns cash to support future expansion. The risk for STTYF is to stick in this first stage for several years and keep diluting current shareholders with new share offerings. Of course, this is over-pessimistic picture, but that's how I feel. I am sure patient long term investors will be eventually rewarded, and STTYF is no-brainer under 40 cents. But I prefer to play SSL instead, which is closer to the "reward stage" with chances that gold price will keep going up even in stagnation scenarios (due to the weakness of World currencies and recognition of gold's money function). IMHO.