IKN

idle and fond bondage

Sandstorm (SAND) 3q19 sales

Preliminary 17,300 AuEq is 900oz higher than the record set previous quarter which was expected. The nicer things happen when the financial data is plugged in, because the prelim $25.8m in revenues looks like this:

And a few basic assumptions afterwards gets to this:

And with that, price sales drops under 40X again, which is the level from which SAND has rallied on every previous occasion in the last three years. Long SAND on the back of these results is a no-brainer. NR here.

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