Topic: How To Invest

Hi Pat: What do you think of Sabina Gold & Silver? Thanks.

Article Excerpt

Sabina Gold & Silver Corp., $3.03, symbol SBB on Toronto (Shares outstanding: 161.1 million; Market cap: $488.1 million; www.sabinagoldsilver.com), explores for gold and silver in northern Canada. Its main property is the Back River gold project in Nunavut. The company recently sold its Hackett River and Wishbone properties, both in Nunavut, to a division of global mining giant Xstrata plc. In return, Sabina received $50 million in cash and a silver royalty on Hackett River: the company will receive 22.5% of the first 190 million ounces that the property produces and 12.5% thereafter. Sabina recently appointed Rob Pease as its president and CEO. Pease has lots of experience that should help the company bring the Back River property into production: in 2006, he formed Terrane Metals to develop the Mount Milligan gold/copper project northwest of Prince George, B.C. Terrane advanced the project through exploration, development and permitting, and started building a mine on the site in the spring of 2010. Terrane was eventually…