GREY:STACF - Post by User
Comment by
LuvMyGoldon Dec 17, 2006 8:34am
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Post# 11880334
RE: SBB.V - Partially OT -12361
RE: SBB.V - Partially OT -1236112361 poses an interesting question when he says: "Does this put it ahead of PAX or behind?"
I also looked at Sabina on Friday, and compared it to YZC and came to the conclusion(my opinion only) that YZC would be first to production if all goes well on their financing and the revised numbers make it more economic. YZC had superior grades, but significantly smaller tonnage therefore much less product ultimately. I was going to compare it to PAX, which I also hold, but couldn't really do a proper comparison until PAX's resource calculation is completed. My feelings are that SBB is ahead of PAX at this stage, insofar as time to production, but PAX will be the larger play and more economic, providing that the price of zinc & silver remain high for another 4 years. We are all pretty confident on commodity pricing for 2007 & somewhat confident for 2008, but after that, its all a gamble...but that is the game we are playing, isn't it? And who knows what may happen with a take over scenario by a major and when?
As for the present, I hold YZC & PAX and am thinking of adding SBB, but something is holding me back on it, can't quite put my finger on it as yet, but I do like their capital structure, and they are well cashed up. Good potential if one is a zinc/silver-bug and wants a basket of such stocks in the Yukon.
GLTA