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Scorpio Gold Corp V.SGN

Alternate Symbol(s):  SRCRF

Scorpio Gold Corporation is a Canada-based company, which holds 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, United States. The Company's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with an approximately 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300-acre Manhattan Project, which is centered on two past-producing pits. The Goldwedge property is located approximately 54 kilometers 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 Mineral Ridge gold project located in Esmeralda County, Nevada. The Mineral Ridge property comprises approximately 5,617-hectare (13,879 acre). The Company has acquired the Northstar property.


TSXV:SGN - Post by User

Bullboard Posts
Post by bahamas19on Jan 15, 2010 9:16am
558 Views
Post# 16682572

Recent drill results

Recent drill resultsWell the company continues to build value with more good drilling results including an eye popping 35' of 1 ounce gold per ton hole (back of the envelope calculations).  Given the fact that there are less than two million shares available to trade I would say the reaction, in the stock price, to the news has been pathetic.  It doesn't appear this company has much of an IR department given the trading over the past few days.  I can only imagine what other company's would have been able to do with these results.  Just look at the most active stocks day to day and you get the picture.

Certainly it is important that the company builds value but really, that only benefits the employees of the company if the price of the stock doesn't move upwards.  As shareholders we only get paid if the stock price rises.  Given what I have seen from IR I am not sure what to think.

Bahamas19
Bullboard Posts

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