Steppe Gold Ltd T.STGO

Alternate Symbol(s): STPGF

Metals & Mining Industrial Metals & Minerals

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation.

TSX:STGO - Post by User

Steppe Gold Ltd

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Post by GoldNugget10on Aug 03, 2019 1:28pm

57 Views

Post# 29992020

40% dilution

The second trenche of the latest financing will bring outstanding shares up 40% - as someone pointed out on ceo.ca

personally, I’m not to uncomfortable with this as typically producers have around 100mm + outstanding shares. STGO lacks liquidity - hard to build a big position without sending the stock flying

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