According to this Hallgarten report we have a 900% return coming our way. Below
BTW, did I see that they are once again raising money on Dec 11??? I cant open these emails fast enough they just closed one 10 days ago.
2017-12-01 17:05 ET - News Release
Mr. Nigel Lees reports
SAGE GOLD CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
NEWS RELEASE
SAGE GOLD ANNOUNCES PRIVATE PLACEMENT OF FLOW-THROUGH UNITS Toronto, Ontario, December 11, 2017
Hallgarten & Company LTD May 2017
In some ways Sage Gold could be seen as St Andrews Goldfields Junior. Its main asset was developed by St Andrews at sizeable expense and now Sage Gold have picked it up for a mere fraction of the previously invested amount and are bringing it back to production. Meanwhile Primero Mining had acquired up the Stock Mill complex (changing its name) from St Andrews and in a case of history repeating itself this mill (and the privately owned road connecting mine to mill) will be put back into operation to obviate the need for processing at site. Sage Gold is making the original vision of St Andrews into a functioning reality.
The question arises as to how a junior can succeed where a well-known mid-tier could not. The secret we believe is a combination of a team that is heavy with skills from first tier players (two of the board are involved at Yamana) combined with restoring the previous synergies of the various assets and doing so with a strict approach to costs and efficiencies.
With dewatering moving ahead at a brisk pace, production should be initiated in the second half of 2017. With mining stocks having retreated from 2016 highs the old discriminator of producer versus developer/explorer comes back into play and the move by Sage Gold into production moves it into the most favoured category of mining stocks, those with cashflow.
Therefore we are rating Sage Gold as a Long call and are instituting a twelve-month share price target of CAD$0.94.