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Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Comment by StrikeGoldon Nov 18, 2021 1:18pm
72 Views
Post# 34141669

RE:AGM is December 17th in Toronto * Possible split 10/1 Sabre?

RE:AGM is December 17th in Toronto * Possible split 10/1 Sabre?The 10 for 1 reverse split is a given IMO.   This should not be a surprise.   But the share price currently has already taken that into account however, as it has ever since the Golder Preditor acquisition.  Of course every exploration company's management will always say they want to avoid a RS before they do it. 

On the other hand a consolidation sometimes does attract new investment, as many may be waiting for this to occur before getting in.   Just speaking from personal experience.   

The end game is whether they will achieve production and at what cost, and the value that Brewery Creek will add.  I think Brewery Creek could eventually yield a lot more value than Copperstone. Having 100% interest already, past facilities on site, and expanding resources are all definate pluses.  These types of large footprint lower grade desposits can yield millions of ounces of gold, and the mining stopped when gold was just under $400 an ounce in the 90's if I recall reading.  
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