01:45:15 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Sabina Gold & Silver Corp
Symbol SBB
Shares Issued 196,781,526
Close 2015-11-18 C$ 0.57
Market Cap C$ 112,165,470
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Kwantes refreshes Sabina buy

2015-11-18 20:50 ET - In the News

James Kwantes, in the Nov. 3, 2015, edition of Resource Opportunities, refreshes his buy of Sabina Gold & Silver Corp., recently 61 cents. Mr. Kwantes said buy on May 18, 2015, at 39 cents. A $1,000 investment then is now worth $1,564. Mr. Kwantes, after reminding readers that Sabina was just 39 cents when he recommended it and is now 61 cents, attributes this rise to the company's recent feasibility study for its Back River gold project in Nunavut. Sabina plans to focus initially on low-cost production from open pits and then expand the mine in phases. This plan corrects the misconception that it is impossible to run a profitable mine in Canada's North, declares Mr. Kwantes. (Of course, Sabina is not actually running a mine yet.) Chief executive officer Bruce McLeod seems confident, having been a heavy buyer since he arrived at Sabina earlier this year. Even the recent run-up has not given him pause; since Oct. 15, he has bought $27,000 worth of shares at prices ranging from 50 to 56 cents. Mr. Kwantes says Sabina's shares were obviously a better buy in the 30-cent range than they are at 60 cents, "but I haven't taken any money off the table. Accumulate on weakness, especially if gold experiences another leg down."

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