Sage Gold Inc SGGDF

Technicals

[snowtigerrr]

The chart is looking healthy trading over the 200dma again after falling below on a brief spell of non-fundamental based selling. May seem insignificant but this continued longterm strength at support is bullish and reflects validation of the company's resilient evolution into a junior producer despite various challenges along the way.

Time is money and with Clavos connected to the Hydro One grid, cost efficiencies of production and drilling campaigns will rise dramatically in all respects which should stimulate a breakout of the narrow range over the last 6 months as this news spreads and production/discovery momentum attracts new investment.

It's pretty rare to have a junior gold exploration company that looks to be on the verge of more discovery and is actually producing cashflow internally from their assets. Tightening of the Kinross zones underground will prove that Clavos' grade increases the deeper these veins go which means more gold ounces will eventually be converted to reserves. That is coupled with further exploration of a cluster of new gold targets recently discovered around Clavos in a recent PR. That's why $60+ million was invested by St. Andrews and why SGX continues to receive financing support for its development. At this stage I wouldn't be surprised to hear of larger companies in the area kicking tires on a takeover as the story continues to develop.