Sandstorm Gold Ltd. (SSL.TO)

(Top Pick Jul 11/12, Down 27.27%) He is currently short. Bought long, then switched to short later after they did a deal he didn’t like as it was a style drift.

Likes these people. Shook him up a bit by going into Mongolia which is having some difficulty with the authorities. This is a nine-year project. Just heard that Colossus, one of their projects, has come amiss a little bit on their production plans and will need more money.

Likes at these levels. Junior mining sector has not been the place to be in the past little while. Given that they focus on royalty companies, he feels that this is a place to be. Bought another royalty company from Premier Gold (PG-T). Some of their assets are attractive. Feels gold is basing out here. Once risk appetite comes back for Junior golds, this one should participate as well. He prefers Franco Nevada (FNV-T).

(Market Call Minute) Great royalty company without some of the risks.

(Top Pick Jun 15/12, Down 19.20%) He did very well when he got out.

Sandstorm Gold (SSL-T) or Silver Wheaton (SLW-T)? Depends on your risk profile. This one is a smaller cap royalty play and with Silver Wheaton, you are really going with a larger cap that plays with the bigger companies.. Sandstorm is a lot riskier as their royalty deals are more with the junior mining companies.

(A Top Pick June 11/12. Up 3.12%.) Sold her holdings.

Still likes the company and its management. Was a little uneasy when they decided to go on the Mongolian merry-go-round. Apparently the wrong Mongolian department stamped a paper for their partner Entrée Gold. Expects this will get resolved but you have to wonder when it goes into production.

They don’t have impacts of cash costs to worry about. It is a royalty company. Has come under a lot of pressure in the last month or so. Mongolian government took away the right to a property they invested in. Thinks it will take a year to get their cash back from the deal.

Royalty streaming companies are the only things that have moved higher in the last 2.5 years. Every once in a while there will be a deal that goes a little amiss but this is a decent name. Thinks it is a brilliant business model and one of the few things that is making money. Would be very interesting to look at now.

Gold streaming companies have held onto their value very well, which is really helped in this environment. There are going to be risky dealings when you are dealing in places like Mongolia so he doesn’t own this one. If you own, he would switch to another one such as Silver Wheaton (SLW-T).

Gold is under pressure because price has been falling over past couple of days. Chart is not too encouraging. Support around $11 and you might want to get into it about there but you want to stay away from gold.

A breakout above the price channel and then it came back down, which it usually will. If it goes below $11.50, if will go right down to the lower trend line of the price channel.

Everything is looking up. Continue to meet their targets in terms of new streaming deals the same as they had with Colossus (CSI-T). Has outperformed the sector over the last 2 years by a very wide margin. Thinks the underlying producers have now priced in the operating risks for the most part so he is warming up on the underlying producers such as Argonaut (AR-T). (See Top Picks.)

Good valuation. Highly skilled management. Foremost junior gold streaming company in Canada and he thinks it’s just going to carry on up. There has been a nice correction to take advantage of if you don’t own it. One of his favourites in the gold sector.