Re: Sandstorm Interview (Noland Watson)
I’m a fanboy for Nolan’s approach. Yup, the market gives SSL no respect. I think it is a great value and a smart way to put gold exposure, heavily leveraged, into a portfolio. As he says, because they are small they aren’t getting the institutional support the large streamers do, yet their IRR and the natural advantages in an inflationary environment are built in just the same. Nolan is smart and the guys around him are smart. It’s just a matter of time unless it turns out gold is headed into the dumpster.
I’ve got a chunk and will likely buy more if the price continues to be as attractive.
It would be a nice landing spot for a wind-up and cash out of some ETG proceeds! And actually, the dark empire Rio Tinto’s share price is quite attractive these days too.
Dare to dream.
cg