SGSVF - Sabina Gold & Silver: A Look At The Valuation After The Advance
- Sabina Gold & Silver is one of the top-performing gold stocks year-to-date, up over 70% heading into the final trading days of 2020.
- The company released exceptional drill results from its Back River Project this year, and is on track to release an updated Feasibility Study in Q1 2021.
- However, while the updated study should improve project economics, the stock is now trading closer to fair value after a 40% rally in less than 20 trading days.
- Therefore, while I see Sabina as a name to keep a close eye on, I see the stock as a Hold only, with valuation now approaching value of US$2.65.
For further details see:
Sabina Gold & Silver: A Look At The Valuation After The Advance