3rd Turd? Top Pick = 15 cent dropFRC has updated coverage on STGO with a fair valuation of $4.75/share, and continuing with their TOP PICK and BUY ratings. FRC has raised our fair value estimate as a result of Steppe's updated resource, and has extended our mine life estimate from 10 to 15 years. "We believe stronger gold prices, year-end results, and the feasibility study to be STGO’s key catalysts."
stronger gold prices - gold under $1700 today
year end result...where are they? Guidance was 35,000...NOT the 60,000 oz Eq that was yapped about at every BS webinar most of the year...freaking massive haircut
Feas - Mungo looks like mouse country, not elephant country
SP at $2.40...Top Pick comes out...whammo...$2.25
Do shorters follow FRC around?
JMHO