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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 Gold_Bullionon Mar 16, 2022 10:30am
185 Views
Post# 34518165

RE:Another deadass Goldy play

RE:Another deadass Goldy playDefinitely not worthless. Actually mispriced. Serious people here owning the shares with a long term vision. Have to be able to hold it through volatility and wait for the cycle to progress. Some 20+% holders are down over 50% . I dont think they care. It's a long game for them. Kinross just took 10% of Allegiant Gold nearby. Other larger mining companies (K's Big brother) are quietly adding ground nearby. None of these 2 have permits ie path to CASH FLOW before this cycle peak.
   
Was well aware of the debenture date and dilution. Those holders seemed to like 8c based on past interest conversions to shares. The other poster said it well, they're getting their house in order. The crappy share structure probably gets rolled backed in a M&A deal.   
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