STLLR Gold Inc T.STLR

Alternate Symbol(s): STLRF

Metals & Mining Gold

STLLR Gold Inc., formerly Moneta Gold Inc., is a Canadian gold development company. The Company advances in two gold projects, namely Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Its Tower Gold Project is located approximately 100 kilometers (km) east of Timmins and hosts a total indicated resource of approximately 4.46 million ounces (Moz) contained gold and a total inferred resource of 8.29 Moz contained gold. The Tower Gold Project hosts nine gold deposits along a nine km long mineralized corridor. The Colomac Gold Project is an open-pit gold project in the Northwest Territories, Canada, 200 km north of the capital city and mining hub Yellowknife. The Colomac Gold Project represents a series of high-grade open pit gold deposits, and gold mineralization remains open on all directions.

TSX:STLR - Post by User

STLLR Gold Inc > Brainstorming....

<< Previous

Bullboard Posts

Next >>

Post by tony1969on Mar 18, 2024 8:06pm

116 Views

Post# 35939458

Brainstorming....

 					Sitting here watching Leno's Garage and I started brainstorming about STLLR. This is 100% my speculative mind in action. On my only son's life. How about if we monetize Colomac? It is pretty obvious to me that management will give Tower priority from everything (not much) we have heard. Colomac has 5.1m ounces (3.4m indicated at 1.5 g/t and 1.7 interred at 2.17 g/t) in the two two above categories at around I am guessing 1.75 g/t give or take .05 g/t. Too lazy to do the exact math. Back to my point. They have put out a tremendous PEA that will crank out WELL over $1 billion at spot and have over 900sq km of territory (much of which is not explored) with lots of exploration upside. Gold is trading close to all time highs. Why not shop it around and see what they can get for it. $15 per ounce gets us over $75m, $25 per ounce gets us over $125m etc...I realize that the stock is not trading as if these values were achieveable but that property in my opinion is worth at least the latter $ I posted above. This was a producing mine and $25 per ounce is still less than many peers. The grade is very, very decent for an OP operation. They can use the proceeds to wisely and frugally do whatever they want. A special dividend to shareholders, continue advancing Tower into production, buy another less remote property, use proceeds in order to lower the amount they will need to finance Tower etc...I want to hear some opinions here. Call me an idiot. Tell me it's not a bad idea. Tell me it's a good idea. Just tell me something. Again I just thought of this 20 min ago and thought I would share it. It would immediately help the stock price for obvious reasons and give our BOSS even more ammo to keep this story going and growing....
 					0