black ugg boots on sale|ugg bailey button bling black ugg boots on sale,ugg bailey button bling,ugg discount boots,ugg classic cardy boots on sale,bailey button triplet ugg boots,ugg shoes women sale 2 Brazilian Gold Miners With Enormous Upside Previously, I had written an article titled "How Safe is Sandstorm Gold" (SAND) in which I made the case that the company is one of the less risky gold stocks on the market due to their solid business model, expert management and the strength of their partners. Here I'd like to make the case that two of Sandstorm's partners Luna Gold and Colossus Minerals perhaps present an even more compelling investment opportunity. If you own Sandstorm or are looking to build a position, I want to stress again how important it is to follow not just the company, but their partners as well. Even though Sandstorm gets their gold (GLD) at $500 and lower creating healthy profit margins, if their partners are not financially healthy themselves, it doesn't matter as they could shut down operations for an extended period of time or altogether. This is why management has focused on doing business with what they consider excellent management teams and lowcost mines. In the past 23 months, insiders at two of Sandstorm's main partners have been buying up their company's shares at depressed levels, which could mean that they believe their stocks are cheap and that we've reached a nearterm bottom. Both companies are also at a critical stage of development, as Luna works on an expansion plan to potentially double production and Colossus nears initial production. Here I will further analyze these companies: Luna Gold Corp. Sandstorm has the right to purchase 17 percent of life of mine gold at the Aurizona project in Brazil at $400 per ounce, and the mine is expected to produce about 100,000 ounces in 2013 and 125,000 ounces in 2014 as Luna undergoes their expansion plans. The current share price of Luna Gold is $1.09 with a market cap of $115 million. They have a P/E ratio of just 6.91 based on EPS of .16. The company has cash of about $15 million with debt of $30 million. The allin cash costs for Aurizona are low, at $1,250, but as I mentioned in my previous article, these costs are expected to drop to $1,100 an ounce this year, meaning that the mine is profitable even at current gold prices. Aurizona hosts 4,667,000 ounces of Measured, Indicated and Inferred resources. With their $115 million market cap, this places a value of just $24.64 on each ounce of gold. This is fairly low for a producer. The insider ownership of Luna is high at 14.4 percent and this doesn't take into account the recent insider buying as highlighted below: (click to enlarge) On July 10, Luis J. Baertl bought 30,000 shares (six different transactions) at $1.10 per share. Baertl is a director. On July 2, Keith Robert Hulley bought 5,500 shares at $1.06. Hulley is Chairman and Director. On July 2, Geoffrey Chater bought 10,000 shares at $1.08. Chater is a Director. On July 2, Mark Halpin bought 5,000 shares at $1.07. Halpin is VP of Corporate Development. On July 2, Titus Haggan, VP of Exploration, bought 8,100 shares at $1.09. On July 2, Baertl again bought 50,000 shares at $1.08 and $1.09. Additional buying took place in June: On June 28, Baertl bought 40,000 shares at $1.20. He also bought another 40,000 shares on June 25/26 at $1.50. What is the Risk with Luna? If the price of gold were to remain at the $1,250 level or drop lower for an extended period of time, this could definitely affect Luna's Aurizona expansion plans. According to their most recent presentation, the company requires $43.2 million of capital for the expansion. $15.7 million of this has been spent through March 31, 2013, leaving $27.5 remaining. The company reported earnings of $5.6 million in the first quarter and as I mentioned earlier, they have $14.9 million cash (as of March 31). Worst case, the company could take on more debt to finish the expansion or issue shares. They don't have too many shares outstanding so an equity raise wouldn't be the worst thing in the world. Their current debt poses no shortterm issues, in my opinion. Here is info. on the current longterm debt they have: "The Corporate Facility matures on June 30, 2016 and carries an interest rate of LIBOR plus 4.25%. The principal amount of the Corporate Facility will be reduced by $3.0 million every quarter beginning on September 30, 2014 until the Maturity Date, when the remaining outstanding amount will be due in full." (from the 1Q report). Finally, here's a oneyear chart of Luna Gold: (click to enlarge) What will it take for Luna's share price to get back to $3 and higher? If gold prices have indeed bottomed and we see gold just get back to $1400 an ounce, Luna could reward shareholders with a 100 percent share price increase from current levels. Our uggs store provides various kinds of latest discount uggs for sale online. All uggs with 68% off and free shipping!ugg discount boots,ugg classic cardy boots on sale,bailey button triplet ugg boots,ugg shoes women sale.