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 > The Good, the Bad and the Ugly "Prediction" for Q2 + Outlook

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Post by Jack79on Aug 02, 2021 8:58am

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Post# 33639476

The Good, the Bad and the Ugly "Prediction" for Q2 + Outlook

Here is my view;

GOOD	BAD	UGLY
15K Oz gold produced Around 350k tons of ore stacked at recovery rate 2.28 g/t Actual gold recovery % > 70% Boiler plant & New crusher’s construction, installation, testing & permitting finished. Ready to go BFS finished, under revision stage	5k to 10k Oz gold produced Around 150k tons of ore stacked at recovery rate 2.0 g/t Actual recovery rate % = 70% Boiler plant finished but New crusher construction completion % = 70% BFS on track, not yet completed	No gold produced Stacked around 100k tons of ore at recovery rate below 1.9 g/t New crusher construction completion % = 50% Boiler plant installation & testing not yet completed = 80% No sign of BFS or DFS, nothing…
Fits / meets the requirements	Actually, not too Bad	Completely collapsed