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Snowline Gold Corp V.SGD

Alternate Symbol(s):  SNWGF

Metals & Mining Gold
Snowline Gold Corp. is a Canada-based gold exploration company. The Company operates an eight-project portfolio covering approximately 333,000 hectares (ha). The Company is engaged in exploring its flagship project consisting of approximately 94,000 ha Rogue and Einarson gold projects in the highly prospective, underexplored Selwyn Basin. The Company’s project portfolio includes Einarson, Rogue, Tosh, Cliff, Rainbow, Cynthia, and Ursa claims. The Einarson property consists of two main claim blocks and several outlying claim groups covering a combined 61,690 hectares. The Rogue Property comprises 442 mineral claims covering 11,227 hectares. The Cliff Property covers approximately 2,724 hectares. The Tosh Property covers approximately 3,700 hectares and is located 20 kilometers (km) from the paved, all-season Alaska Highway. The Rainbow Property covers approximately 1,225 ha. The Cynthia Property covers approximately 1,399 hectares. The Ursa claims covers approximately 7,755 hectares.


TSXV:SGD - Post by User

Snowline Gold Corp > By the looks of it...
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Comment by AlwaysLong683on Jan 15, 2024 2:56pm
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Post# 35827520

RE:RE:RE:By the looks of it...

RE:RE:RE:By the looks of it...My views:

1) Likely reason share price is not moving much is because SGD already has a market cap of $874M. Making it a $1B+ company is a stretch for a project that will require a very large amount of capex spending to build given its location and is many years away from first pour.

2) I believe BTO will be the company that takes out SGD. SGD and BTO have a formal arrangement as outlined in press releases dated March 14, 2023 and  and June 6, 2023, and BTO is a mine builder / gold mining company, not a passive institutional or private investor like hedge funds, mutual funds, Eric Sprott, etc. BTO bought SBB (properties in Nunaut) no that long ago and I suspect SGD will be next at some point. When at at what price (it will almost certainly be an all-share deal) are the questions that remain to be answered, though I don't anticipate a deal happening anytime soon.



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