Copperstone « project funding to be provided in Q2-2022”🇺🇸 "... Giulio T. Bonifacio, President and Chief Executive Officer of Sabre Gold, stated: “Sabre Gold continues to make significant progress at Copperstone in preparation of startup with progression to full production in the near term which now only remains subject to project funding. Definition drilling and results to date are continuing to show very good grade and continuity while adding further confidence to our updated geological model and our detailed mine plan. Estimated project capital for the restart of Copperstone remains in line with previous estimates as we continue to advance discussions with project lenders as well as other key stakeholders with an update on project funding to be provided in Q2-2022”..."
BTW, Q2 2022 ends in 40 days but who's counting...?
If funding isn't provided soon expect very lengthy delays...
These shares will seriously POP, if Sabre Gold is promptly provided with ample funding to put Copperstone high-grade GOLD Mine into production...
= $$$
https://www.globenewswire.com/news-release/2022/02/23/2390331/0/en/Sabre-Gold-Provides-Copperstone-Project-Update.html
"... COPPERSTONE MINE UPDATE
In addition to the recently completed definition drilling at Copperstone, significant progress has been made with detailed mine planning, process engineering and mine-rehabilitation. These efforts are a continuation of earlier work completed to prepare the fully permitted mine for start-up and progression to full production.
A comprehensive detailed mine plan and production schedule was completed by Mine Development Associates in Reno, Nevada that defines stopes and production areas for the initial five years of mine-life. In addition, all capital and operating expenses were reviewed by way of further detailed engineering and have been incorporated into an updated discounted cashflow model. The mine plan indicates annual production of approximately 40,000 to 45,000 ounces per annum while demonstrating favorable economics which includes future expected conversion of additional resources based on the open extent nature of both the Copperstone and Footwall zones...."
https://www.globenewswire.com/news-release/2022/03/31/2413797/0/en/Sabre-Gold-Drills-4-6-Metres-of-16-9-g-t-Gold-Strengthens-Management-Team.html