RE:WTF is a DFS?Wow....I knew Ogopogo was a paid basher and clueless, but this is some new "low" action here - Hahaha.....He has really exposed himself on this one - He doesn't even know what a DFS is and claims the "Bankable Feas Study....the 'gold standard". Oops! The problem with going on and on bashing and making up trash and trying to pretend you have a clue is that you slip up bigtime like this and expose how silly, uninformed, and insignificant you are.
"BFS" is the gold standard !?!?!?! - Bwahahaha - Yes, I would LOVE for you to show this forum exactly where "BFS" is defined in the Canadian Institute of Mining definitions and standards. LOLOL....Are you really that dumb? If you had a clue you would say there is no "such thing" as a BFS, nor DFS....these are effectively mining financial colloquialisms. You might find something however called a "Feasibility Study" (and one that is said to be "Bankable" or "Definitive" is one with enough detail, confidence, and metrics for debt creditors (e.g., but not limited to, banks) to pony up their debt capital for the project (in this case Phase 2 expansion). In this context, BFS and DFS are synonomous..... Just because it's common lexicon, and you feel 'cool' and 'smart' using a mining colloquilism used in the mining industry to "suggest" the level of detail/confidence is built-into it (as opposed to "just" a Feasibility Study) doesn't mean you have a schmick of what you're talking about - as you have so eloquently shown here! If the Feasibility Study (B, D, or L,M,N,O,P for that matter) actually results in banks and/or other lenders providing the capital required to pursue the project, then and only then is it actually 'bankable' (not when the report is signed by the independent party doing the study - evenif they put "Super Duper Bankable" on the cover page)....that is the only thing that matters, because the lenders will do their own DD, and review of the numbers. Hahaha ...Ogopo-goofball strikes again!
You can listen to his small fish, uninformed garbage, or perhaps follow the likes of GMP / Stifel - who I just saw yesterday (17 May) maintained a buy rating and $4.00 price target on STGO. Or Fidelity who recently purchased around 5% of the company at market price of $2.35 +/-. Or you can listen to the trio of paid bashers on here....
Haha Ol' Dougie the Maintenance Guy-Scholar-Investing-Guru-Multiple-Alias-Basher... (Did he seriously just post 'WTF is a DFS?') Bwahahahaha! (Trump normally deletes his tweets when he made booboos like that one! Just saying....)
JMHO