Sabre Gold Mines needs $105 million 🇺🇸 to build 💴 💰 "...It will cost about $105 million to build
the Brewery Creek mine.
https://www.sabre.gold/
https://www.thenewswire.com/press-releases/1BQPF9W90-sabre-gold-mines-pea-delineates-pathway-to-yukon-mine-re-start-as-ceo-purchases-shares-on-the-open-market.html
“At $1,700/ounce gold, the PEA anticipates a payback period of 2.6 years,” states Global Stocks News CEO Guy Bennett, “For any institutional investor or merchant bank, the quick pay-back is a de-risker.
“A change in the price of gold from USD $1,700 to $1,900 will increase the After Tax Cash Flow 20%,” added Bennett, “From CAD $45 million/year to CAD $54 million a year – that’s more that the company’s current market cap.”
“Most of the Directors and Officers are also significant shareholders,” stated Bonifacio, “We have a lot of skin in the game. We’ve written some big checks, and we will continue to do so as needed.”
According to filings on Canadian Insider, between November 21, 2021 and December 7, 2021 Bonifacio purchased 539,000 SGLD shares on the open market.
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