The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
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.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >