RE:Another clear DELAY at the Copperstone Mine in Arizona 🇺🇸With the sustained higher price of gold, producers are flush with cash so one can expect more acquistions like this one:
https://www.kitco.com/news/2023-05-14/Newcrest-supports-Newmont-acquisition.html
A buyout from a major looking to add reserves is definitely a possibility for Sabre. If there was any competition there could be a substantial premium. Personally I feel Brewery Creek has the best upside. The question is would any such deal be a lowball offer?
The acquistion of Brewery Creek by Sabre in the absense of cash (only shares issued) of course resulted in an 80% share price decline in two years instead of adding any value, so ironically it turned out to be a disaster not because they didn't add any ounces, but that they have two properties with no prodcution from either, just delays.