News Out!Steppe Gold Commences Procurement of Long Lead Capital Items to Kick Start Phase 2 Fresh Rock Expansion | 2021-03-24 | Press Releases | Stockhouse Well this is a VERY encouraging indicator....
If they're already starting to procure and establish tranche debt financing for long lead items, then that is a pretty damn strong indicator to me that initial BFS numbers are very promising! Seems like a strategic project management/procurement decision that has double value - long lead items ordered early while at the same time accelerating current operations/production (larger crusher). IMHO this is a big differentiator between STGO and so many other similar small cap projects with similar aspirations....by creating a Phase 1 to produce and generate cashflow for the sole purposes of setting up Phase 2 for success, it puts the company in a very favourable position to get to the bigger output (150K oz) much quicker than the average joe miner.....This is a big reason I invested in this company back in 2018, and it is nice to see the original game plan is very much in place and progressing with cashflow being generated on route to generating the big cashflow!
Can't wait for the predictable, simpletons (who couldn't manage a project to get themselves out of a wet paper bag) like "Ogopo-Grip" to try to fire back with some ignorant nonsense like "putting cart before the horse". Spin in anyway you like dude, this is clearly a positive indicator.
Chonasis