Snowline Gold Corp V.SGD

RE:RE:RE:RE:gold sector

[AlwaysLong683]

megacopper wrote:

AlwaysLong683 wrote:

megacopper wrote: Still think $1 Billion MC or around $ 6.00 is achievable by Christmas or whenever hole 29 confirms our suspicions.

I think he's sorely mistaken.

In my view, this is what happens when people get too giddy too early.

Current Market Caps:

Seabridge Gold (SEA):      1.2B

New Found Gold:       842M

Snowline Gold:       372M

 

 So what are you saying exactly? Snowline is overvalued with a market cap of 372M and a possible resource of 30 million ounces of gold? I honestly don't know what you are getting at. When I look at the valuation of Snowline I think it is greatly undervalued.

Other deposits in the Yukon and Alaska are valued at about $100 per in the ground ounce of gold. If Snowline were valued the same it would have a $3 billion valuation or $20 a share. That is my reasoning. I know it's still early in the discovery phase but SGD will go a lot higher eventually. The market is asleep at the wheel with regards to this discovery.

It has favourable metallurgy, it's absolutely huge  with excellent grades and it's in a mining friendly jurisdiction. SGD is dirt cheap given it has a world class gold deposit of about 30 million ounces that is worth $50 billion dollars of in the ground metal value!!!  That's $50 billion dollars of gold sitting near surface just at the Valley discovery. There could be the same endowment at the Gracie target and they have 20 other targets not even drilled yet. Absolutely phenomenal!!!

I'm saying exactly what I stated in my previous post.

If "hole 29" is another great core, then a market cap of $1B is "achieveable"??? I highly doubt that. Tell you what, let's wait for hole 29's assay result, at if it's another winner, see where the market cap stands in the days that follow.

I know you know what NFG has in terms of size and quality of land package, location, infrastructure, assay results, "mining-friendly jurisdiction", etc.

Did you even take a look at Seabridge and what they have, not as a guesstimate with a handful of holes, but with actual mineral resource estimates in "mining-friendly jurisdictions"? Well, their market cap is around $1.2B currently.

Do you really think SGD deserves a similar market cap to that of SEA or NFG anytime in the near future? I don't.

Could SGD go a lot higher? Sure it could, but I thiink it's going to take time and not be the short-term rocketship that guy on the other BB site seems to believe.

End of speech.