SGSVF - Sabina Gold & Silver: A Top-10 Takeover Target
- Sabina Gold & Silver is one of the worst-performing gold juniors this year, down more than 52% year-to-date.
- However, the fundamental thesis for the stock remains stronger than ever, especially as we've seen M&A deals accelerate in 2021.
- With Brucejack, Detour, and potentially Windfall now off the table for potential suitors, Sabina's Back River is one of the few massive projects left that suitors could look at acquiring.
- Based on Sabina's very attractive valuation of ~0.53x NPV (5%) at $1,600/oz gold and significant upside on its land package, I see the stock as a Speculative Buy at current levels.
For further details see:
Sabina Gold & Silver: A Top-10 Takeover Target