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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

Steppe Gold Ltd. is engaged in the business of precious metals and minerals exploration sector. Its project includes Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, Uudam Khundii UK Project, and Tres Cruces Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation. It also owns an interest in the Tres Cruces Gold Project located in Northern Peru.


TSX:STGO - Post by User

Comment by chonasison Apr 20, 2021 4:19am
40 Views
Post# 33027358

RE:RE:RE:RE:The funny part is

RE:RE:RE:RE:The funny part is
"without risk mitigation programme." You have confirmed that statement with the company? Or are you just making it up / presuming? You may have realized a little GLOBAL PANDEMIC is going on with 2nd/3rd waves and variants flaring up across the world...Look at Canada (Ontario)'s situation, look at India, look everywhere. It seems to me that STGO was able to bring cyanide into country to commence production last year at the height of the 1st Covid wave despite the locked borders with China - this seems to me to be the tangible value of having strong in-country team and relationships at all levels of government. Obviously, STGO does not control (nor does any company in any country anywhere) the supply chain, nor national policies/restrictions related to COVID. We will have to wait and see. Do you not see STGO's recently announced early procurement of long lead items for ph2 expansion as a risk mitigation measure in itself? Do you not see reduced use of cyanide during the coldest winter months so as to more efficiently use these resources in the warmer weather (given the unpredictability of Covid and potential supply chain issues) as a risk mitigation measure? I think it is safe to assume those running the company, who also have significant investment interest in the company (insiders hold a lot and have not sold a single share), will make operational decisions (including risk mitigation) in the best interests of the company, its employees, and LONG TERM shareholders. Short-view "day traders," who want a quick buck and then out, may not like the day-to-day decisions, but I am ok with that! I am sure the company is open to your risk mitigation expertise if you don't agree with the couple examples I suggested and you have your own expert mitigation recommendations? I would certainly love to hear them on this BB too.
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