Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Enter BonTerra at the very bottom of the market. In March they announced a deal with Kerr where they would purchase 100% of the Larder Lake property for a little over $4 million in cash and shares. The last time anyone did a deal this good was when the Dutch bought Manhattan for $24 in beads. Given that at today's price, BonTerra has a total market cap of about $33 million; according to both Kerr and Gold Fields Larder Lake alone was worth twice the company's market cap in 2012.

Larder Lake is a 2,165-hectare land position right on the Cadillac Larder Fault Break where records show 13 million ounces of past production. The Larder Break Fault runs from Kirkland Lake to Val d'Or. The property is a mere 7 km west of the Kerr Addison Mine with production of 11 million ounces of gold.

The project has multiple historic mines with two different shafts already sunk on the property. There has been over 100,000 meters of drilling to outline a historic 43-101 resource done in 2011 of 917,000 ounces of gold in the inferred category at 5.55 g/t and an additional 43,800 ounces of gold at 4.07 g/t in the indicated category.

While Gold Fields had an option on Larder Lake, they completed over 25,000 meters of drilling in 59 holes and spent $6 million. Those holes are not represented in the existing 43-101. I expect BonTerra to soon announce a massive drill program with a plan to issue a new updated 43-101 by Q1 of 2017.

http://www.investorideas.com/news/2016/mining/09131BonTerra.asp

Great work Greg Gibson...? Hmmm...