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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

Post by Jack79on Nov 25, 2021 1:23am
354 Views
Post# 34164216

Hannam&Partners coverage C$3.15??? When? How? ...

Hannam&Partners coverage C$3.15??? When? How? ...Or better I listen PSY - GANGNAM STYLE .... https://www.youtube.com/watch?v=9bZkp7q19f0&ab_channel=officialpsy

I repeat, even STGO could get cyanide Q1 next year but have to repay around US$100.0M loan from Govt. of Mongolia, a taxpayer's money. Everything collateralized under tight control by lenders. When STGO is able to repay all the debts & became free? Well, in 2025 i guess, maybe 2027? Until 2027 STGO can't generate enoght cash to support 100% Ph-2

So, SP expectation of hit C$3.15 is for the year 2028...Interesting, what Hannam&Partners think about Debt/Equity=2.5? It's 250% more debts than equity.....
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