GREY:SGGDF - Post by User
Comment by
snowtigerrron Mar 14, 2017 12:51pm
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Post# 25977055
RE:Quietly Breaking Out...$1 Potential?
RE:Quietly Breaking Out...$1 Potential?Correction: EBITDA should read roughly $10.8mm/yr.
The beauty of this operation are the lower costs in Canadian $ giving this operation a certain margin of safety despite gold volatility.
If Sage can produce $8-10mm EBITDA per year it's a $0.65 stock with no value ascribed to the rest of its properties and reserves. The only seller keeping a lid on this @ $0.15 is likely Cartesian, the benevolent lender exercising warrants from the recent financing.
With production commencing this year and a potentially updated resource estimate as per the recent MD&A, risk/return looks good here.