SBR 6.67% 1.4¢ sabre resources limited

Ann: Further Massive Sulphides Intersected at Sherlock Bay, page-21

  1. 202 Posts.
    lightbulb Created with Sketch. 93
    Some have asked what are good grades.

    look at GAL Ann today, they have reported their best ever grade results at 1.58%

    And they have a market cap of around $180 mill.
    GAL went from 18 cents to over $2 and is now about 95 cents
    Mark Creasy has been buying and he is a major shareholder of IGO and IGO and Mark Creasy together own 35.9% of GAL now.

    So hole 2 reported a peak from hand held of over 4% so all it could take is results with a 1 in front and with a very small market cap and $3 mill EV if a decent buyer took a stake this could really move.

    Shows from drilling so far has been very encouraging and there looks to be a lot more down there, with further drilling at Sherlock planned.

    The shows from hole 5 were from 348 and 370 mt

    If the results have a 1 in front of them I would think there might be outside interest in this one, if high 1's or a 2 then look out.

    A decent buyer with deep pockets could change this on a dime.
    Nickel price of late has been doing ok as well.



 
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