SBR 0.00% 1.7¢ sabre resources limited

the da vinci code ?

  1. 2,316 Posts.
    lightbulb Created with Sketch. 269
    Fellas , lots of theories and gnawing and gnashing of teeth on the thread .
    Let's stick to the facts that we know :
    We have a 107m intersection of Cu rich (>1% ave )....in our first hole .
    We know the second hole , from the same pad is mineralised .
    We have an essential capital raise on the table ....supported by world class / connected brokers.
    No doubt they know more than us .
    We have a WORLD class prospects on our books ... red hot to drill ...not Guchab but KASKARA .
    BUT ...look at the fine print associated with the capital placement .It indicates that :
    $4m of the $5m being raised is to be used for drilling @ Guchab NOT Kaskara !
    Helloooooooooo to Guchab doubters ...I don't think SBR has any doubts about Guchab !!
    What does $4m buy us ?
    Well let's say 80% is used to by direct drilling services @ ~$150 m .That's around 27000 m of DD .
    Let's say the ave depth of each hole is 200 m =~ 135 holes .We have to see multi rigs on site for that scale of program .
    So would you be planning that scale of program if :
    You weren't VERY confident of a significant Cu deposit ;
    you had drilled downdip !!
    Read the code guys ....me thinks SBR's Guchab drilling program tells us plenty.
    :).
    regards
    Q

 
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