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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@ekimFlow through money is also restricted to what it can be used for. It can be used for grassroots exploration or exploratory drilling. Maybe some brownfield expansion work. It can't be used to pay your CEO's salary or buy a truck or construct a road, etc.
@ekimPolitics totally at play here. KIA is spouting its power one hand and and wants Sabina to get pushed through and approved and on the other hand wants to power to tell AEM to say NO to hovercraft technology...it is something that hasn't been done and could be problematic. The likes of $AEM and $SBB are always going to be walking on eggshells regardless of it looks like everything is all rosy. Power is king here...and companies usually have to play the part of placate peons.
SEDI_botSabina Gold & Silver Corp. $SBB just filed 5 reports. View full report: SEDI:SBB
@tommy$SBB has spent about $31 mil on consultation, data collection and permitting process. Final public hearings in the end of May. Filed addendum to FEIS concentrating on 5 areas, particularly with wildlife, "we've set a new standard in the north." More than 300 community consultations. No communities within 400kilomyers of project. Strong local indigenous support.
@JamesKwantesGreat to hear Bruce McLeod with an update on $SBB's Back River at #SIS. Initiated coverage on $SBB at .39 in #ResourceOpportunities when he took over as CEO in the bear market. This thing's going to get taken over, despite some permitting hurdles that will need to be cleared
@ekimFor historical reference, $AEM let Cumberland do the heavy lifting through to basically a water permit (post NIRB approval). Here is the historical timeline.
August 31st, 2006 - NIRB recommends project can go ahead.
Nov 2nd, 2006 - Project approved at the federal level.
Feb 14th, 2007 - AEM buys out Cumberland
Feb 22nd, 2007 - NWB water permit issued for road construction to start.
I don't see any catalyst for $AEM to change its approach.
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@AllanAlso had a lengthy chat with Bruce from $SBB. Was a good chat, we talked about my concerns and he had some good comebacks.
@VaughanPast pick number 3: peregrine diamonds $pgd . Discovery is one of the best in years. Its on baffin island close to Iqaluit. No caribou issue kaiser says but it has been a disapointment. $sbb on the mind John? #marketcallPDAC
@BS$sbb not until they've got the permit. $r good candidate, once more is clear about commercial production. Not very big, so not for biggest companies, unless it's bought for the ground they control. $ptm has a lot of gold too at Waterberg... Although more platinum group metals, obviously
@bullionaire@dirk@goldfinger likely got this one right... $SBB likely some decent upside there when it gets taken over, I do think myself it will happen.. The premium if it does occur.. thats the question..
@Allanracker, I can't ignore the quality of their project and think they will push through the permitting problems. When is another question but I see it being a mine that generates a lot of jobs where they are much needed. For investors that can handle the permitting will do very well. I also see gold ready to roll which should give them a better valuation. $SBB
@FundamentalAnalysisUnless I'm missing something, or still living in the past why does no one talk about the massive royalty they have which will add a tremondous amount of future potential value......the focus only seems to be on back river and permitting.
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@Allan$SBB is benefiting from the Allan Barry Reports Effect. 😀
@tommyLarge and in-charge Bruce McLeod channels Tony Robbins in this Sabina Gold and Silver $SBB presentation at the Subscriber Summit in Toronto earlier this month. McLeod is a mining engineer CEO and Sabina is permitting one of Canada’s richest undeveloped gold projects at Back River in Nunavut, and has a very valuable royalty on a silver-zinc project up there as well. I see Sabina easily becoming a mid-tier producer building its flagship project. Sabina's asset quality means they may not get the chance to build it. Watch: https://youtu.be/8t9ND36_f5k+
@JamesKwantesTrue @FundamentalAnalysis about the silver royalty on Hackett River. An afterthought although $SBB mentioned it in year-end NR. Back River the big prize of course but significant value in the royalty - albeit Glencore owns the asset
SEDI_botSabina Gold & Silver Corp. $SBB just filed 1 reports. View full report: SEDI:SBB
@lukejacksonTalking to a friend who deals with major institutional players the other day - the usual funds they tap for capital are fully invested right now. It's going to take a recycling of capital to occur by takeouts etc for a more sustainable move to happen. We may be at that point very soon. Watching $CNL, $SBB, $XRC, $SSP closely right now. In that order I think they get taken out. Projects with scale that move the needle for majors and have measurably de risked their projects one way or another over the past year. It's time. Garofolo has said so himself.
@lukejacksonA smart person should convince $SBB, $CNL and maybe another to merge (TMAC?). Take the most eligible companies for development off of the market. The only problem I'd see is they have such similar development schedules. That move would really piss off the majors. You'd immediately have a company with scalabilty, fresh assets to be mined at the right part of the cycle, and high margin projects to withstand cyclical markets. Could be the makings of a major. $930 million in market cap currently for the 2, probably far more than that together. High leverage to the gold price. #lukesramblings
@Brendan@lukejackson I don't think it's going to happen, but it is really an interesting idea! pick 3 or 4 of the premier developers... it's subjective of course, but say $sbb$cnl$gsv$knt sure that's a good start for a pan American development project "cartel" . merge, hostilely if necessary. then you know theres a pretty good chance that the majors are going to have to come to you at some point in the next 5 years, and not from a position of bargaining strength