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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

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

Post by Jack79on Aug 02, 2021 8:58am
160 Views
Post# 33639476

The Good, the Bad and the Ugly "Prediction" for Q2 + Outlook

The Good, the Bad and the Ugly "Prediction" for Q2 + OutlookHere is my view;

GOOD BAD UGLY
  • 15K Oz gold produced
  • Around 350k tons of ore stacked at recovery rate 2.28 g/t
  • Actual gold recovery % > 70%
  • Boiler plant & New crusher’s construction, installation, testing & permitting finished. Ready to go
  • BFS finished, under revision stage
  • 5k to 10k Oz gold produced
  • Around 150k tons of ore stacked at recovery rate 2.0 g/t
  • Actual recovery rate % = 70%
  • Boiler plant finished but New crusher construction completion % = 70%
  • BFS on track, not yet completed
  • No gold produced
  • Stacked around 100k tons of ore at recovery rate below 1.9 g/t
  • New crusher construction completion % = 50%
  • Boiler plant installation & testing not yet completed = 80%
  • No sign of BFS or DFS, nothing…
Fits / meets the requirements Actually, not too Bad Completely collapsed

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