Nolan Watson isn’t getting much rest these days. When he’s not flying across North America and Europe to meet investors and prospective business partners, chances are he’s hunkered down in his Vancouver office for up to 18 hours a day trying to get “things out the door.” It’s a grind for sure, but Watson, the 32-year-old CEO of Sandstorm Gold Ltd. and Sandstorm Metals & Energy Ltd., isn’t complaining.
Over the past six months Watson’s hard work has turned both companies into bona fide global players in the very rarefied commodity streaming business, where the players make agreements with mining and energy firms to purchase all or part of their production at a low, fixed pre-determined price. And while the size of the two Sandstorms still doesn’t add up anywhere close to the multi-billion-dollar market caps of their nearest rivals such as Franco-Nevada Corp. and Royal Gold Inc., Watson and his colleagues are only getting started.
“You’d laugh if I told you, honestly, but I don’t think there is a practical ceiling to how big we can get,” Watson says. “It’s just a matter of educating the market how our business model works and then making smart acquisitions. By the nature of making good deals, we will get very large.
bij David Pett
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