Okay, here is the scoop [I'm new here to MEAOF so I'm playng catch-up].
Bachelor Lake (Canada) - In January 2011 Sandstorm paid Metanor $20m in exchange for a 20% streaming interest with an on-going purchase price per oz of $500/oz for the life of the mine. Initially the mine was forecast to produce 60k oz per annum, however, studies showed this was possible at only 66% capacity. The mine is likely to produce around 30k oz in 2013 before rising to 60k in 2014. There is scope for expansion and production could increase to 75-80k pa. (I think this is Jim Bowen @ Seeking Alpha)
This blog I found explained it to me pretty good:
"There is a light at the end of MTO tunnel 4 out of 5 gold ounces go directly to MTO 1 out of 5 ounces goes to Sandstorm for 500 per oz they still pay for the costs . You either pay back a debt in cash or gold, MTO opt for the gold payment for the 20 million. Sandstorm believes in MTO and this is a win win situation for both, more so for MTO. Call Sandstorm a major share holder and out of 60,000 oz projected 48,000 oz gold goes directly to MTO and 6 million cash goes back to MTO to help pay for costs, 6 million could be used for future drilling and replace the 12,000 gold oz sold to Sandstorm for $500 per oz. . This could be called compounding gold ounces at Sandstorm expense . jmo money makes money and Gold. There is a lot more gold where that came from and the bottom line is increase production." (This is from stockhouse.com bulletin board thread)
Most here who have been around this board for a long time probably are aware of this so sorry for bringing up again two years later. But it's good to know that it is coming into play since Metanor is now in production. As long as Metanor can keep it's operating costs below $500 per oz all is well. They are pretty close to that now.
News 
Market Data 
Discover 
