RE:Latest financing.
You really have to wonder why we invest in this sector? look at these numbers!!
Sage has 300 000 plus ounces of gold and access to it. St Andrews dropped $60 mill into the project and Sage secured another $13 mill to hopefully put them into a position to ship ore 11km down the road to a proven working mill. A lot different then if they were building their own mill.
Here is the ore, process it and pay us.
So, 300 000 ounces of gold at $1500 Canadian an ounce is just shy of half a billion dollars, that's right, half a billion. They will not recover 100% of the gold but you get the idea.
Try and digest a $450 million proven deposit and growing, $75 million plus invested to date and a proven mill down the road and we have a whopping $11 million market cap.
SUMMARY
A 43-101 $450 000 000 deposit
$75 000 000 development cost
($13 000 000 plus raised in 2017)
and a whole whack of warrants to boot
Sage's market cap today............. $11,448,000