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finbar99

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finbar99

Re: rifmemory post# 149

Friday, 02/08/2013 12:09:20 PM

Friday, February 08, 2013 12:09:20 PM

Post# of 778
Sandstorm is a streaming company - they 'loaned' MTO 20 mm about 2 years ago - money that was needed to get the mine to the point of production, and in exchange, they get to buy 20% of production for $500 an ounce. 20% is a lot to give away, but had it been true debt, MTO may not have made it this far. Sandstorm has a steller rep - one of the reasons that I bought in here two years ago was because that Nolan guy at Sandstorm is highly regarded for doing his due diligence.
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