Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by Smacraon Oct 21, 2012 10:29pm
187 Views
Post# 20508614

RE: 2013 production

RE: 2013 production

Yes you are correct Belgie we do not own a disaster for that we can be thankful. With the aquisition there is lots of upside and yes like Vijay says MR can double production. BUT they have not been able to increase production in three quarters. I remain skeptical. There is a reason that has not been explained to any satisfaction. MR could just be tougher than was previously thought.

We are cash flow positive and it will look much better when Goldwedge starts producing. The monthly payments to Waterton allow significant surplus cash flow to allow for goldwedge buildup, exploration and developement. My guess is that we will see most efforts focused here.  Pinion is just gravy. SGN needs to poke a few holes to establish the trend here and let GSV do the rest. Once the debt is paid off SGN can circle back with a more robust program.

I think we are seeing Peter build trust with Waterton as their clean up guy. This could turn out really well if he can deliver on this acquisition. In a couple years we may end up with a mid tier producer based on very smart acquisitions.

 

 

Bullboard Posts