Sabre Gold Mines Corp T.SGLD

Gold hits 8-month peak But Sabre Gold languishes🌙

[GoldenPolarBear]

"...Gold prices hit an eight-month high on Monday, as the dollar slipped on bets for slower U.S. interest rate hikes, while investors also cheered top bullion consumer China reopening its borders...."

https://www.reuters.com/markets/commodities/gold-scales-8-month-high-fed-slowdown-prospects-lift-appetite-2023-01-09/
 

• "...
• U.S. CPI report due on Thursday
• Cenbank buying new focus area for gold..."
• Maybe a higher gold price may eventually allow Sabre Gold Mines to...

[StrikeGold]

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

[GoldenPolarBear]

Until there is a realistic rapid path to gold production; these shares will languish ore plummet... No mention of Sabre Gold Mines at VRIC https://cambridgehouse.com/vancouver-resource-investment-conference or at PDAC 2023 https://www.pdac.ca/convention How is Sabre Gold Mines management ever going to make this work?  Well, a rising GOLD PRICE might be our only saving grace but

[StrikeGold]

They don't even need a path to production at the present to add value.  They have already failed to accomplish it in the time and budget they promised.    There are many juniors with a fraction of the resources of Sabre with mulitiples of market cap, who haven't addressed even the possibility of production.  They are just proving up resources, which is what Sabre could

[GoldenPolarBear]

If they don't get the Copperstone Mine into full high-grade gold production producing well over 40,000 au oz per year within at least two years this company will clearly not be able to pay, furnish or repay their multiple debts! Beyond frustrating!   I do agree with all of your points but I think they lack the funds to drill and properly expand the Brewery Creek Mines... Only a

[GoldenPolarBear]

"...  Gold: Next on the upside comes the $2000 mark Gold prices extended the uptrend in the first half of the week and flirted with the $1880 region on Tuesday. The uptick was on the back of rising open interest, which is supportive of the continuation of the move in the very near term and continues to target the $2000 mark per ounce troy...." https://www.fxstreet.com

[GoldenPolarBear]

  Down again just before the trading bell  Sabre Gold Mines Corp. $0.17 -0.005(-2.857%) V:23.73K Last updated: Jan 18, 2023, 3:44 PM ET