Sage Gold Inc SGGDF

Some thoughts

[Wallstreet1112]

It's interesting that the former owners reported upwards of 700Toz with a grade of over 7g/t at Clavos. That is something like 45% higher grade. If they project 20-20Toz of production with a 600tpd operation, the actual gold production COULD turn out to be much higher than that... 600Tpt with a head grade of 7gpt operating 356 days a year (not likely) would amount to about 48Toz of gold per year. That is a theoretical blue sky scenario that is unlikely due to many reasons, but I would say that there are quite a few catalysts in the relatively near term for $SGX ... Increased resources, increased grade, exploration as well as production.

Chart is looking pretty good as well: https://invst.ly/3x9ud

... Touched some of the break out highs already. Will be looking to buy if it goes lower. Full disclosure: One of my top5 holdings ATM.

[snowtigerrr]

Excellent observations wallstreet. We also have a very promising situation unfolding here with CAD/USD/XAU currency divergence providing a good margin of safety on future operating margins. Fed inflationary measures stateside combined with a weak CAD supports gold prices and increases our operating margin materially.