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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 Nov 17, 2021 7:56pm
122 Views
Post# 34138726

Damage dealt by COPs to company...

Damage dealt by COPs to company...Quite undervalued. Let's pick C$2.15 Sprott's baseline as a nominal value then how much is company shall be valued? 68.42M shares x $2.15 = C$ 147.1M.....Well, the cost of mismanagement or COPs dilution is C$147.1M - C$95.79M = C$51.3M ...  35% loss of market cap is the COPs cost to the company....Will STGO continue keep COPs? 
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