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 26, 2012 7:41pm

192 Views

Post# 20418167

RE: Stock buyback plan annnounced

That's a pleasant surprise. Dilution in miners is so common that anti-dilution buyback is shocking.

"The Company believes that a repurchase of its common shares at the current trading levels represents an attractive investment" This should translate into a floor placed on current share price.

I think vijay is too optimistic on the first resource estimate, hope people don't get disappointed. The second resource estimate should give a better increase.

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