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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 > Right at $2.50 per ounce
View:
Post by StrikeGold on Nov 16, 2022 3:09pm

Right at $2.50 per ounce

I think many people are wondering how this could be valued at two dollars and fifty cents today per gold ounce in the ground even if they weren't planning to go into production at all.   That is like saying they can't give away both properties for any more than $10.76 million today.

One might have expected at least a small positive outcome from the last news given that the share consolidation was a given:

https://stockhouse.com/news/press-releases/2022/10/24/sabre-gold-announces-financial-restructuring-and-change-of-leadership-to-move:

-Appointment of Andrew Elinesky, CPA, as President, CEO and Director effective immediately

-Retirement of 4.5% Gross Production Royalty on Copperstone

-Retirement of outstanding long-term debt in the amount of US$3.65 million dollars

-Extension of remaining outstanding debt by one year to December 31, 2024

-Sale of the Company’s 1% NSR on the Kerr-Addison Mine claims owned by Gold Candle Ltd. for total consideration of US $7.4 million (providing for the royalty retirement and the debt reduction)

-Private Sale of 14,500,000 shares of C2C Gold Corp. for net proceeds of CDN$800,000
 
Comment by easycoder on Nov 16, 2022 3:10pm
at these prices buying more - might as well
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