I think many people are wondering how this could be valued at two dollars and fifty cents today per gold ounce in the ground even if they weren't planning to go into production at all. That is like saying they can't give away both properties for any more than $10.76 million today.
One might have expected at least a small positive outcome from the last news given that the share consolidation was a given:
https://stockhouse.com/news/press-releases/2022/10/24/sabre-gold-announces-financial-restructuring-and-change-of-leadership-to-move:
-Appointment of Andrew Elinesky, CPA, as President, CEO and Director effective immediately
-Retirement of 4.5% Gross Production Royalty on Copperstone
-Retirement of outstanding long-term debt in the amount of US$3.65 million dollars
-Extension of remaining outstanding debt by one year to December 31, 2024
-Sale of the Company’s 1% NSR on the Kerr-Addison Mine claims owned by Gold Candle Ltd. for total consideration of US $7.4 million (providing for the royalty retirement and the debt reduction)
-Private Sale of 14,500,000 shares of C2C Gold Corp. for net proceeds of CDN$800,000