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.

TSXV:SGN - Post by User

Scorpio Gold Corp

Bullboard Posts

Comment by Margreton Sep 04, 2012 10:02pm

91 Views

Post# 20317456

RE: RE: RE: RE: RE: goldwedge property

The mid tier, small cap multipier to value a gold company based on oz produced was obtained by taking an average of the companies they studied. A company in Nevada should get a premium to a company in an unsafe jurisdiction. A company in Nevada should get a premium to a company in Montana in the same USA because it's harder to get a mining permit in Montana with tough environmental regulations and environmentalists protesting.

If not for the recent setbacks, SGN should be performing better with the current rise in gold prices. There is no way that the rise in gold prices will not help SGN on the balance sheet. The problems will be forgotten after a few positive news releases.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario