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Sable Resources Ltd.

TICKER: SAE.V

WEBSITE: http://www.sableresources.com

"Sable Resources has a mill built by DuPont in the late '80s for $100 million, which still has a replacement value of about $50 million. Their cash flow is over $12 million a year. Their market value now is about $25 million, which makes no sense at all...Their properties are in British Colombia.

...Cash flow comes from the ores they have from the late '80s and '90s. Unfortunately they are not "43-101"-compliant [National Instrument 43-101 is a law which sets conditions under which public exploration and mining companies are required to publish technical reports]; that may be the big thing affecting their stock price. I just had a talk with them when I was in Vancouver 10 days ago and said, "please spend $50,000 to complete the 43-101. Investors must know what you have, and if you want to be quoted at a fair price in the market, then you have to deliver information to the people making the market cap of your company." You have to deliver the information that they can see, that they can realize that you’re absolutely at a ridiculous level." (2/22/08)
- The Gold Report Interview with Hans Peter Schmidlin

"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)

- NEIL MACDONALD, NOVADX, The Gold Report

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