Nolan Watson, CEO of Sandstorm Gold Royalty (sponsor), joined us for a discussion of the gold mining industry and royalty streaming. For those not in the know, royalty stream companies are part of the mining industry's creative financing arm. Since prices have been depressed and access to capital is greatly limited due to the special risk factors of precious metals mining, companies have emerged to fill the void. A miner needing financing who has a viable project that is highly likely to go into production, will connect with Sandstorm to get a capital injection in exchange for a portion of future production. As Nolan says, "... there is no average deal in this business." Every transaction is different and unique depending upon the needs of the company. Sandstorm is expecting a huge production increase between now and 2022 and isn't greatly concerned about current metals prices. When prices are low, the number of deals goes way up. When prices are high, royalty profits go up greatly. It's basically a win-win situation for the streaming sector and for Sandstorm. A great place to be.