Post by
LedtoBelieve on Jan 24, 2018 6:48pm
Going for Gold 2
I apologize for posting something meant for Orefinders on the Sage blog, but nevertheless, the implications of what is going on now in the markets are nevertheless the same for owners of Sage. Sage is also currently reaping the benefits of the high price of gold with higher margins, and perhaps could be considered a takeout target for chump change to a major gold player for literally pennies on the dollar. All this for a working and functioning gold mine in a safe jurisdiction, with probably $80 million spent on it altogether including what Sage has put into it, ($1 plus in capital costs spent altogether) versus the 11 cents it is now priced at. Lets not forget that drilling is going on every day and there should be money arriving shortly from the ore that has been going to the mill. As well, the weak hands that owned Sage should now be mostly gone. It is rare for new gold mines to start without a hitch, but I believe Sage is headed in the right direction.