SGSVF - Sabina Gold & Silver: Valuation Improving After The Drop
- Sabina Gold & Silver released an updated resource estimate earlier this month, reporting a massive increase in mineral endowment across the board.
- The company's total resource grew by more than 25% to 9.18 million ounces, with only a moderate decrease in grade from 6.26 to 6.05 grams per tonne gold.
- Sabina Gold & Silver was already a minor outlier in terms of high-grade resources in Tier-1 jurisdictions, but this update has made the company one of a kind.
- Based on the significantly improved valuation after the recent drop combined with a larger resource, I would view any dips below US$2.00 as low-risk buying opportunities.
For further details see:
Sabina Gold & Silver: Valuation Improving After The Drop