Jon CaseSabina Gold & Silver Corp.SBB.TODON'T BUYJul 26, 2016
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.
(A Top Pick Mar 03/20, Up 14%) Are developing gold in Nunavut in a fully-permitted, high-grade, open-pit project. The knock is that it's in a northern frontier which means higher costs to fly in and out supplies, and it's less easy to work up north. He's owned this stock for years and is confident with them. He expects construction to start in 2022.
He met with the CEO yesterday. Their Nunavut is a project is a high-grade open pit, which costs a lot, but the grades as three times the average and yields a high 6 gr/tonne. He's waiting for a new feasibility study and expansion of the resource after the last three years of drilling. (Analysts’ price target is $2.94)
Have a good open-pit project in the Yukon with a good production profile. You own this as a take-out target. They are doing a lot of exploration around the area to prove the upside potential and de-risk any development issues.
(Market Call Minute.) This depends on how you feel about Caribou. The project has been set back as a consequence of environmental concerns. Well run and a high quality deposit. Very, very strange politics.
Have gold assets as well as silver royalties. The Back River gold property continues to grow in ounces. A good, leveraged way to play the silver space.
Has silver, but recently their gold properties have moved to the forefront by continuing to add resources. A little bit overbought at the moment so wait for the next stage when they have more drill results. Try to buy at around $2.75.
World-class project. Very robust project. They are still drilling and it will get bigger over time. You have to have patience with this one. It has moved up lately and will continue to move up. It is a long-term thing. We will see more recognition for what this project is.
Has had a bit of a run lately. Has a great North West Territory asset. The project should be further along than what it is. Would be nervous on a short-term trading basis. Wait to see what happens to the metals.
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.