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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

Post by StrikeGoldon Nov 14, 2022 1:00pm
152 Views
Post# 35097047

Currently $5 per in-ground gold ounce

Currently $5 per in-ground gold ounce

2.7 million ounces M&A plus inferred gold in ground with under a $14 million market cap, giving an in ground price of $5 an ounce.   

With the gold price nearly back to $1800 an ounce one would expect share price movement from that and nothing else, just on the thought of selling off the properties.  
 
Copperstone G/T and ounces: 
 
Measured & Indicated    7.3   306,000
Inferred                           5.9   212,000
 
Brewery G/T and ounces
 
Total Leachable (M&I)  1.14   840,000
Inferred - Leachable     0.94   489,000
 
Total Sulphide (M&I)    0.82   304,000
Inferred - Sulphide       0.83   527,000

This failure of this stock is the failure to deliver any meaningfull value for shareholders despite the resources
 
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