Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

« ... Pathway to Plus 1 Million Ounces... »

« ...The purpose of Kerr’s drilling is to provide additional insight but their team of geologists believe that the growth for the Copperstone zone alone can grow to be easily 500,000 to 600,000 ounces. The second part of the drill program was focused in on the footwall target, which has been established as a foot wall zone. Expectations are that there could be another 400,000 to 500,000 ounces in that parallel zone. ... »

»... 2019-20 Target to increase mine life to +10 years...»

https://kerrmines.com/KERR/Kerr-Mines-KER_TSX-Corporate-Presentation-July-2019_Final.pdf

https://www.kitco.com/news/2019-08-28/-1-600-is-the-next-target-for-gold-prices.html

« ... A large amount of capital has flowed into gold in recent days, and fundamentals may continue to drive price momentum, this according to Phil Streible, senior market strategist of RJO Futures. https://rjofutures.rjobrien.com/

“We’ve seen an incredible move in there, we saw about 489 thousand ounces go into gold yesterday and about 1.2 million ounces go into silver ETFS. It’s the largest amount of gold holdings we’ve seen all year long if you look at the derivatives as a whole,” Streible told Kitco News.

Streible noted several fundamental factors underlying the trades.

“I do believe that we’re going to hit $1,600 [an ounce]. I think the fundamentals are quite supportive. The Fed should be pretty aggressive cutting rates. They might disappoint at the tail end of it. Globally, interest rates are being cut everywhere. The trade war, the trade war, the trade agreement negotiation, that seems to be kind of the biggest factor because you look on Friday, it really got nasty between President Trump and China and gold futures surged closing on the high,” he said. https://www.rjobrien.com/


https://www.kitco.com/news/2019-08-28/-1-600-is-the-next-target-for-gold-prices.html

Read more at https://stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=30078207#ZA1BSLLhDGD3G4L2.99