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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 Jack79on Aug 31, 2021 5:43am
92 Views
Post# 33786629

RE:RE:RE:$2.80 buys looking good

RE:RE:RE:$2.80 buys looking goodkkkrrr    problem about to solve soon...good news...but how bad is financial position? pay twice then could solve everything....mismanagement costs much...

as far i remember your position on "Virtual Financial costs", what you think how STGO solved that problem? Cancelled MNP auditor's contract before consecutive period, some of financial staffs already fired, last Q2 MD&A shows miscalculation in average realized gold price, failed in simple math, misstatement, i guess....

1. Permanent crusher installed---yeahhh...Borrow own money paying extra +3.6% interest + 30% gold collateral to Capitron bank then build a new static crusher costs $3M.  The Q is where & how to mine. Kind of sorting required in mining schedule. But this "selective mining" is prohibited by Mongolia Mineral's law. Like crazy stacking then resulted recovery grade 0.68 g/t? What's the planned ROM grade when starting crazy mining?

2. Reagents supply about to stabilize. Yupp. Likely it could be stabilized in May or June. Using other cross borders such as Bayankhoshuu Dornod province border, which is international exim port for crude oil export. Only cyanide import delays affects in leaching. Other additives can be found from domestic market, i guess. 

3. Gold is really in leach pad? 2M tonnes in cell #1 & #2, 500k in cell #3....ROM grade average 2.0 g/t then recovery grade is 0.68 g/t, almost close to 0.5 g/t cut-off grade. Losing gold during leaching. Jammed $8.5M gold somewhere in gold in circuit. Water leaching or Cyanide leaching? No cyanide then used water only...hah..that's real sh't

4. Heating boiler for cold winter first time without testing. Boil the barren pond, feed warm water through sprinkler on top of heap during cold winter below -40C. It's kind of operation "High jump", let's see, how it'll work

Better time ahead, ...but costs much to the company...
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