SBR 0.00% 1.3¢ sabre resources limited

sabre resources finds up to 19.62% copper , page-41

  1. 1,655 Posts.
    saltbus,

    from my reading of a post by an investor [sutto?] who 'phoned the company over the weekend, I think that it was, they have finished the programme of shallow holes and have now moved on to test drill what they think they may have down there over a pleasingly large exploration area.

    That, I believe, it the 'body language' being referred to. Hear what they say but watch what they do (especially).

    SBR could become a production company if there is sufficient near surface material to harvest. Judging by their depth of drilling, that might well prove to be the case.

    Lol: talk about muscle: Mongolian government says to Rio T "we want you to pay all of the sales revenues into an account here". Rio T says "**$$$!!!@, we're suspending operations". Mongolian Government (which has a 34% stake in the mine, I believe) says: "have it your own way, bank the revenues where you wish". Rio T announces re-commencement of shipping of production...

    Big mine: "Oyu Tolgoi's production is forecast to average 330,000 tonnes of copper a year and 495,000 ounces of gold" but big capex: $6.2bn

    A Guchab JORC of just 1 year's production would be very 'nice'.
 
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