Scorpio Gold Corp V.SGN

Alternate Symbol(s): SRCRF

Metals & Mining Gold

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.

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Scorpio Gold Corp

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Comment by ganja50on Mar 28, 2012 2:04pm

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Post# 19728938

RE: RE: RE: off topic

But it is still trading for $25/mil oz. RVS.v, when you adjust for cash, etc., is more like $10 or 12 plus they will not need to raise funds at depressed prices. Given current drilling, they should have around 3.2 mil oz. currently. It's also an open pit scenario and they are finding Au wherever they drill. Let me know what you think after you take a look. But if SGN will be moving quickly to $1 cash flow, being already in production, it could be the cheapest of all. I understand they will have lower cost of production once they begin to grind their ore, but I don't know much about metallury.

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