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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 StrikeGoldon Nov 15, 2022 11:40am
104 Views
Post# 35100064

RE:RE:Currently $5 per in-ground gold ounce

RE:RE:Currently $5 per in-ground gold ounce Yes, I certainly agree that getting the oxide production going first at Brewery is the way to go.

But I was making the point that for a company to have these gold resources and have such a low valuation means that the market has no confidence in management's accomplishing anything, or even to trust that a sale off of assets would yield much value to its $14,000,000 market cap for the assets of BOTH properties.  

Hence having a merger of two mines last year that SHOULD have added value overall to both projects, instead sees a decline of 75% in value.  Shareholders see that the timelines to get to production have meant nothing year after year.   Just have to go back and read the news releases since 2018.

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