Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Agreed, I think we have a two year wait until $$$

Once the golden and copper proven and probable is promptly increased; we HOPE!

»...Kerr Mines Inc. [KER-TSX, KERMF-OTC, 7AZ1-FRA] on Tuesday April 10 announced the results of an independent Pre-Feasibility Study and resource update for its past-producing Copperstone Mine in Arizona. The resource update is in compliance with NI 43-101 standards of disclosure.

“On the momentum of a very successful 2017 Phase 1 exploration program and Pre-Feasibility Study, the company is pleased to confirm updated gold resources and positive economics at the company’s Copperstone Mine in Arizona,” Kerr said in a press release.

Highlights from the pre-feasibility study are as follows:

Average annual sales of 38,347 ounces of gold.

Initial capital of $22.7 million, which includes mine equipment capital lease.

Payback of initial capital within 2.3 years of 2019 production start.

Study life operating margin (EBITDA) of $89 million, internal rate of return of 40%.

All-in sustaining cost of US$875 per gold ounce.

Measured and indicated mineral resource of 1,124,800 tones averaging 7.63 g/t gold
276,100 ounces of contained gold in the inferred category.

Proven and probable mineral reserves of 802,048 tonnes, averaging 6.79 g/tonne gold
175,093 ounces of contained gold in the proven and probable category.... »

$lightly Frustrating,
GPB
PS A one year wait for $$$ would be much preferred.

Read more at http://www.stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=27863026#C0SVti9O6C6DL01J.99