RE:RE:RE:RE:RE:RE:Take another look at NFGC 21-182 and NFGC 20-59AlwaysLong683 wrote: To date, SGD has a total of three drills and assay results from two zones: Valley (Rogue) and Jupiter (Einarson) with a market cap that has already surpassed $270M. Assay results producing gxm of Au are hard data. Everything else is sheer speculation based on whatever historical geological information has been gathered and pre-drill exploration (e.g. soil / rock samples, nature of the rock, etc.). Smart to only focus on two zones, but how much money will it cost (especially in a rising interest rate, inflationary environment) to simply gather enough assay data on the two zones they are currently focusing on given the climate and remoteness issues over the course of a calendar year? Unlike major producers, they are not already established in the area, have no revenue sources, limited cash, and are located in areas that have little infrastructure.
Insider ownershp is impressive at around 30%. Sprott and Paisades literally own dozesn of other gold explorers, many of which are getting hammered (or are close to lost causes in my view) that I don't have much faith in what they do unless their investment is enormous in total dollar terms. I'm not a fan of Hennigh at all given the busts he's been a part of in recent history in addition to his unpredictable behaviour when it comes to the companies which he puts his own skin in the game.
Like I alluded to in a previous post, what SGD has accomplished to date looks good, but I think it's going to take a lot of money to try and get to a position where they can extract a large premium from a buyer, and they've already had a big run up in share price and market cap, so unless they continue to pleasantly surprise the market, things may cool off pretty quickly and perhaps see the share price slip some if investors think the market cap has gotten ahead of itself. Not dissing the company or their properties per se, it's just that I consider it quite high risk.
As always, time will tell...
FYI for those interested.
Took a peek at the two largest-scale operations in Yukon:
Coffee Project (Newmont):
Location: Western Yukon (about 130km south of Dawson City)
Recently got approved to proceed by Yukon First Nations and Yukon / Canadian Governments on May 17, so they'll be busy for the next few years with the mine build and first pour.
Eagle Mine (Victoria Gold):
Location: Central Yukon
Year-Round Road Access
Hydro Power
Nearby Airport
In production since July 1, 2020
Q2 2022 AISC: US$1,371/oz.
Snowline (SGD) Properties:
Location: Eastern Yukon