This Company's Got the Assets to Produce

NEIL MACDONALD, NOVADX, The Gold Report
"Sable Resources is unique in our portfolio because it's currently producing. We got involved a little over a year ago to finance their business plan. What hasn’t been articulated very well to the market is that this is a company with the assets to produce. The Toodoggone area of British Columbia has been explored extensively and hosts some high-grade epithermal and some porphyry deposits, and, in the case of Sable Resources, gold and silver. These epithermal deposits tend to be too small on their own to exploit from a production standpoint. The unique opportunity for Sable is to become what I would call a self-funding exploration company. Since it's in production, Sable can utilize its existing resources from that operation to generate cash flow and then put it right back into either exploring for additional resources or acquiring other known deposits in the area.I can't quote exact numbers—but there are probably two to three million ounces in that area scattered around in a lot of small deposits. Sable acquired a mill at a very low cost. Now that it's operational, it will help leverage them into becoming a larger company." (8/12/08)

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: