RE:RE:RE:Mine funding is a win/winCan't go wrong with SBB at these prices. I sold off all my Wheaton Precious Metals and rolled the proceeds into Sabina today. BTW, Wheaton owns 3% of Sabina.
Here are the numbers on SBB:
You're buying at a 60% discount from the 52 week highs. This is one of the highest grade open pit projects in the world. They are already sitting on an elephant-sized deposit and the more they explore the more high grade gold they hit. As Bruce (CEO) indicated years ago, this will be a generational project - they'll be mining gold up at Back River long after you and I are dead and gone.
The rumour mill is already starting to clamor about SBB being the next takeout after Great Bear was acquired by Kinross. Hopefully there will be a bidding war. Personally, I will reject any buyout offer that is not at least $5, and even that is too low for this world class asset. Great Bear, in my opinion, has set a precedent for high grade, lucrative projects. If GB's zero ounces are worth $1.42 billion UDS, how much are SBB's 10 million worth?!
SBB & WRN are the top two buyout targets I am seeing right now.