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Bullboard - Stock Discussion Forum 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... see more

TSX:SGLD - Post Discussion

Sabre Gold Mines Corp > Currently $5 per in-ground gold ounce
View:
Post by StrikeGold on Nov 14, 2022 1:00pm

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
 
Comment by RdlBama on Nov 14, 2022 7:20pm
Strike... To process the sulphide ore would require a plant to process that ore type. It would make more sense to focus on the oxide resource only.
Comment by StrikeGold on Nov 15, 2022 11:40am
Yes, I certainly agree that getting the oxide production going first at Brewery is the way to go. But I was making the point that for a company to have these gold resources and have such a low valuation means that the market has no confidence in management's accomplishing anything, or even to trust that a sale off of assets would yield much value to its $14,000,000 market cap for the assets ...more  
Comment by StrikeGold on Nov 15, 2022 11:42am
https://stockhouse.com/news/press-releases/2018/07/18/kerr-mines-announces-us-27-6-million-project-financing-and-makes-positive
Comment by StrikeGold on Nov 15, 2022 11:45am
.....sorry, meant to type that the link below was from news of July 2018
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