Sandstorm Gold Ltd (SAND)

[starboy]

Trade Wars, Gold and a Once-in-a-Lifetime Opportunity
Interview
Source: Streetwise Reports (7/9/18)
https://www.streetwisereports.com/article/2018/07/06/trade-wars-gold-and-a-once-in-a-lifetime-opportunity.html
Intro:
In a period of economic uncertainty exacerbated by threats of a trade war, Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, delves beyond the headlines to discuss the factors that are influencing gold, oil and other commodities, and why he believes we are on the cusp of a once-in-a-lifetime opportunity in commodities.

Interestingly, the fourth company, which is an up-and-coming one, and I'd actually like to highlight it because it also trades in the U.S., is called Sandstorm Gold Ltd. (SSL:TSX; SAND:NYSE.MKT). The founders of Sandstorm are among the smartest individuals in the metals industry, I find. They did a transformational transaction in 2016, where they acquired a portfolio of royalties from Teck Resources Ltd. (TECK:TSX; TECK:NYSE), the big Canadian producer of basically most metals. One of the royalties applied to a specific project in Turkey. The company now has a 30% net profit interest, so it will earn 30% of the project's profits. And at the end of June, the company reported the independent economic assessment of the project, which shows a greater than $1.4 billion profit expectation. Sandstorm spent less than US$200 million in total to acquire this stake, and the economic study suggests Sandstrom could be receiving more than $100 million a year from the project's profits.