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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 surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Comment by gold_strikeon Jul 07, 2021 4:06pm
128 Views
Post# 33506752

RE:RE:Whats not to like

RE:RE:Whats not to like Regarding market cap, 40 cents a share would be $240 million assuming the merger goes through which would tally total shares at 600,000,000, and also assuming there were no more shares issued or warrants exercised.  Not trying to be negative or bash, but just stating reality.   Number of shares and market cap do matter.   That's usually the problem (in my own experience at least) in companies with resources going into production and the costs needed to do so.  In this case they are aquiring a new property with only shares and no cash proceeds from production, which is the main downside to the merger.
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