RE:Gold hits 8-month peak But Sabre Gold languishes🌙A higher gold price and rock bottom valuation for their gold resources combined is why there are buyers. But given all the broken promises of the past, nobody knows what is a 'good price' even when two enterprises that were worth $40 million each just a couple years ago, now have a combined market cap of $8 million! In fact, it's likley that perhaps one to two people who invest here own homes that are valued more than the $3.7 million ounces of unmined gold in both properties reflected in the stock price today.
The new management needs to throw out just about any news that would indicate some activity that would increase value for shareholders. Such as a drilling program at Brewery, or feasibility study for the gold ore just sitting on the leach pad there.