RE:price performance
garland wrote: 30% pullback from it's high of $4.10 = time to buy! not unexpected as the stock has had a HUGE run but this is the time to re -enter if you did some profit taking!! not a bad entry point if you watched and held off looking to get in. this project has a LONG!!!! way to go
Nothing goes straight up. SGD has a huge new gold discovery. Still early days in the discovery phase. This one has lots of room to run. The Valley deposit is much larger than Victoria Gold's Eagle deposit and much larger than Newmont's Coffee deposit that was originally bought out by Goldcorp for $520 million back in 2016 when gold was only $1300 an ounce and they had less than 3 million ounces at the time of that deal. What SGD has is 3 to 5 times larger than that deposit so you guys can do the math.
And I'm being conservative. Quinton Hennigh's estimates are best case scenario which rarely happens. I figure there is somewhere between 10 and 15 million ounces just at the Valley target and it should average at least 1 g/t so it's definitely worth more than one billion dollars to a big major gold company like Barrick or Newmont. Perhaps as much as 2 billion dollars. The proof will be in the drill results. Stay tuned