RE:RE:RE:Stopped some drilling?"They have only reported on 2 holes so far this year from their 2024 drilling campaign. Two BEYOND killer holes by the way."
You really believe SGD has only received assay results for two cores so far? Repubable companies will of course lead their press release with their best holes, but will also list the rest of the assay results later on in the press release. SGD didn't do that. Maybe another reason why potential investors are cautious on this name along with the Victoria Gold mine incident....? In contrast, GBR kept an ongoing, updated list of every assay result received right on their website for anyone to view whenever they wished.
Agree that any mine build at Valley is years away, but this type of incident at Victoria may result in additional funds being spent to satisfy the security of the operation so that the incident isn't repeated. I suspect the construction of a mining and mill project built at Valley up to first pour will have and initial capital expenditure of $2B - $3B, and it will likely end up on the high side of this range given the likely need to spend additional money bullet-proofing any heap leach / tailings pond operations to ensure no contamination of soil or water. I think SGD CEO Berdahl feels it is important to run and environmentally sound operation even before the Victory Gold incident and BTO (the company I expect will buy SGD) is known for its environmentally friendly mining operations, so either BTO buys SGD without SGD producing a FS or BTO does their own estimates as to what a FS might look like and make an offer accordingly.