50% off Premium Yearly
Sabina Gold & Silver Corp.SBB.TODON'T BUYAug 06, 2013Stock price when the opinion was issued
As of Apr 21, 2023. Market Open.
A gold developer with a development asset in Nunavut, a resource of about 5 million good grade ounces. This size of mine is an interesting deposit to a potential acquirer. He typically stays away from developers because they burn cash flow for a number of years as they build a mine. When they start generating cash flow is when he usually becomes more interested. They have recently come into some permitting hiccups, which probably puts a cap on the stock until they address those concerns, which can take 1-2 years.
Likes the people and likes a lot about the deposit but it is too remote for him. Doesn’t think this is the type of deposit that gets built this cycle.