Brien Lundin, in the November, 2015, edition of the Gold Newsletter, refreshes his buy of Sabina Gold & Silver Corp., recently 55 cents. Mr. Lundin said buy in August, 2015, at 37 cents. A $1,000 investment then is worth $1,486 now. Sabina recently sampled 33.86 grams per tonne gold, 28.1 g/t Au and 18.23 g/t Au at the Kogoyok target at its Back River project. Assays have outlined 650 metres of mineralization. Back River's nearby Goose deposit is also looking good: management has a planned 3,000-tonne-per-day operation with three open pits and one underground mine. Mr. Lundin says the mine could generate 250,000 ounces Au a year in its first eight years, allowing for capex payback in 2.9 years. Based on current gold prices of $1,150 an ounce, the mine has an aftertax net present value (discounted at 5 per cent) of $480-million and an aftertax internal rate of return of 24.2 per cent. If the price of gold rises, the project would make even more. Combined with what management calls the most significant surface discovery at Kogoyok, Sabina's Back River project look promising. Mr. Lundin says the continuing exploration and potential of its project makes Sabina still a buy.