RE:Sabre Gold Mines needs to climb higher with positive news?Positive news?
If the company had waited for the price of gold to get to a sustained $2100 and higher, they likely could have gotten 4 times as much for Brewery Creek as they did. They at least should have gotten the same price as they acquired it for, which was about $40 million in shares at the time if I recall. Think of the leverage lost that the gold ounces at Brewery had afforded. With additional drilling it may have contained 3 million gold ounces or more. That asset had way more value than Copperstone IMO
I wish they has sold Copperstone for $13.5 million and used those funds to build up resourses at Brewery. Then sell Brewery to a major to put into production. Too late now.