AN update to an earlier mention on Sabina Gold & Silver (SBB.TSX) from a few weeks back......
58822262It trades on the TSX Canada.
Financing is now locked away (but a little more needed in the future, but as it is such a long build time it can be spread over the next 2 years).
Big jump friday night on the news sinking in.
Capex CAD610m, of which over CAD150m is to build a 2 year stockpile pre-mining its 6g/t grade OP mine. Some mines in OZ startup with less than 6months of stockpile to minimize capex.
TO talk aplenty, but might not happen now financing is in place. Financing was a big de-risk and is showing in the SP today. IMO it still has a lot more in it. Majors will be eyeing it off for sure.
Updated presso on their website...
View PDF fileSTT here for me, but it might turn into a LT hold, not sure yet.
Just wish the stockhouse.com chat site was as good as HotCopper (which owns stockhouse.com I think)
Big upside on exploration too. 5+ g/t turns up at each drill location.
