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Bullboard - Stock Discussion Forum Sage Gold Inc SGGDF

Sage Gold Inc engages in the exploration and development of mineral resource properties. It explores for gold, poly-metallic, nickel, and copper. Its primary properties include the Onaman property comprising the Lynx project and the Headway project in the Beardmore/Geraldton Gold Camp; and the Clavos gold project in Timmins.

GREY:SGGDF - Post Discussion

Sage Gold Inc > Onaman is the Real Sage Gold Wild Card
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Post by LedtoBelieve on Oct 15, 2017 3:15pm

Onaman is the Real Sage Gold Wild Card

The news release on October 5 was not fully understood by a lot of people for its sheer technical discussion, but what it actually means is that this 8 kilometer or 5 mile length of find can now be really zeroed in on making it infinitely easier to firm up. There is lead, zinc, silver, and some copper and gold in this vms deposit. A lot of people don't know this, but the main CN rail line is only 10 kilometers or 6 miles away, and there is a chance for the ore to be hauled away in bulk if there is greater than 10 million tonnes. This is the real wild card for Sage, and it definitely gives a lot of promise for all of it's shareholders.
Comment by snowtigerrr on Oct 16, 2017 1:40pm
Great points, absolutely agree. I'm sure we've all seen what's happened with GGI by now with their VMS deposit in BC over the past couple months...with little technical discussion regarding assays at Nickel Mountain so far. The SGX Onaman PR went unnoticed but it's clear there's potential for discovery, the property itself is massive and if any region in Canada can rival or ...more  
Comment by mooseslayer on Oct 20, 2017 11:05am
Come on Sage....let's get that first pour. They are supposed to make good money on this ore they  started to ship because it was already blasted and was just sitting there to be scooped up and shipped. They have been stockpiling it and have feed for McEwen's mill. Then I would hope to get some drill results and see some SP appreciation.
Comment by snowtigerrr on Oct 20, 2017 11:37am
I can only presume these 001 walls are remaining Cartesian warrants being exercised which is causing some retail to undercut their asks. Stock is down 30% on this hamfisted selling. Yes, warrant conversion probably mandated and provides some marginal cash inflow but it shouldn't come at the expense of the stock price. Not forward looking at all and horribly managed. That said, progress ...more  
Comment by mooseslayer on Oct 20, 2017 11:52am
I have inquired and they think the seller is almost out. The big selling yesterday was someone else that is done too. They have hamstringed what should have been a nice move up to production.
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