You give fair comment pictgroup. All of SND's streams have not been stellar successes. Coal has been in quite a terrible market so I can accept failure there although it hurts. Terrex seems to be a failure to judge people as the oil market has been performing well yet Terrex did not. That seems to be the worst deal from the Sandstorm viewpoint. I still like the fact that there is very little competition in this space and their other deals have been looking profitable. Also if the world economy improves all these deals ( except Royal Coal) may end up making money.

Bob