Steppe Gold Ltd T.STGO

Alternate Symbol(s): STPGF

Metals & Mining Industrial Metals & Minerals

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.

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Steppe Gold Ltd > STGO shareholders getting screwed again?

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Post by Ogopogo007on May 19, 2021 11:20pm

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Post# 33235784

STGO shareholders getting screwed again?

UFB mgnmnt continues to screw over shareholders here. Like if your father promised ice cream..and you got a bit of shaved ice instead.

Mngmnt has yapped up and down about delivering a Bankable Feasibility Study dang near every NR and now...maybe shaved ice AKA Mongolian ice cream? But no Bankable Feas Study now.

Bankable Feasibility Study means a JORC or National Instrument 43-101 compliant study prepared by a recognized firm of mining engineering consultants which contains a detailed examination of the feasibility of bringing, a deposit of minerals on the Claims into commercial production by the establishment of a mine, which reviews all outstanding issues, which contains the statement of the ore reserves, which reviews the nature and scale of any proposed operation, which contains an estimate of the construction costs and production costs and is in the form of a bankable document (meaning a document appropriate for presentation to a. bank or other financial institutions from which a party might wish to secure financing),.

I recall a fluffy Beneficial Feasibility Study from a jr resource Co run by a Greek Con artist CEO, that used top of the chart mineral pricing to calculate IRR. total scam...like using a silver price derived from back when Hunt brothers briefly cornered silver market...$50/oz and then adj for inflation since 1980 to fluff up IRR %

Small wonder SP is under IPO value.

Enjoy the Mongolian Ice Cream but real question is..WHY WAS BFS DITCHED? Single digit IRR% ?

Who gets fired for this debacle ?

JMHO

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