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Scorpio Gold Corp V.SGN

Alternate Symbol(s):  SRCRF

Scorpio Gold Corporation is a Canada-based company, which holds 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, United States. The Company's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with an approximately 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300-acre Manhattan Project, which is centered on two past-producing pits. The Goldwedge property is located approximately 54 kilometers north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada. The 726-hectare (1,795 acre) property covers three separate claim blocks and encompasses the Goldwedge, Keystone and Jumbo gold deposits. It also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. The Mineral Ridge property comprises approximately 5,617-hectare (13,879 acre). The Company has acquired the Northstar property.


TSXV:SGN - Post by User

Comment by tdsbon Nov 10, 2021 9:29pm
67 Views
Post# 34113122

RE:$$ ;

RE:$$ ;Rockit, if you read what I said I quantified my statement by saying "The Fed would have to raise rates above the level of inflation for them to have any effect." Inflation is running about 6%. That would mean they would have to take interest rates up a minimum 5 full basis points from where they are now. If they take rates up even two points  the markets will sell off. The debt has grown so big since 2008 when they had a chance to change the system, but they repeatedly turned to money printing. Why? Because that is a way of taking money from people without them realizing what is going on. That is what inflation is. They said at The FOMC meeting one week ago that they are not going to raise rates until the last quarter of 2022 or the first quarter of 2023. Until they actually do something and not say something we will see. They got us into this mess by using the same tactic of money printing over and over again. The definition of insanity is doing the same thing  and expecting a different result. CHEERS
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