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Scorpio Gold Corp V.SGN

Alternate Symbol(s):  SRCRF

Scorpio Gold Corporation is a Canada-based company, which conducts mineral exploitation, exploration, and development activities in the United States. The Company holds a 100% interest in the consolidated Manhattan District in Nevada comprising the advanced exploration-stage Goldwedge property in Manhattan, Nevada with a fully permitted underground mine and a 400 ton per day mill facility. The 100% owned Goldwedge property is located 54 kilometers (km) north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada. The 726-hectare (1,795 acre) property covers three separate claim blocks and encompasses the Goldwedge, Keystone and Jumbo gold deposits. It also holds a 100% interest in the Manhattan Property situated adjacent and proximal to the Goldwedge property. The 5,617 hectare (13,879 acre) Mineral Ridge property is located approximately six km northwest of the town of Silver ePeak and 56 km southwest of Tonopah in Esmeralda County, Nevada.


TSXV:SGN - Post by User

Comment by Gold_Bullionon Mar 16, 2022 10:30am
163 Views
Post# 34518165

RE:Another deadass Goldy play

RE:Another deadass Goldy playDefinitely not worthless. Actually mispriced. Serious people here owning the shares with a long term vision. Have to be able to hold it through volatility and wait for the cycle to progress. Some 20+% holders are down over 50% . I dont think they care. It's a long game for them. Kinross just took 10% of Allegiant Gold nearby. Other larger mining companies (K's Big brother) are quietly adding ground nearby. None of these 2 have permits ie path to CASH FLOW before this cycle peak.
   
Was well aware of the debenture date and dilution. Those holders seemed to like 8c based on past interest conversions to shares. The other poster said it well, they're getting their house in order. The crappy share structure probably gets rolled backed in a M&A deal.   
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