RE:SIG VS SGD
liquorwolf wrote: Snowline has a market cap 6 times that of Sitka. Sitka has much better infrastructure such as access to a year around road. SIG is turning the drill, assays are suburb and getting better as the results come in. This tells us that SIG can at least double from here. Remember, when it comes to investing Market Cap is the number one thing to look out for. Buy now for a double or perhaps a triple.
I agree that Sitka's share price can move much higher to $1 and well beyond but of course that will be determined by drill results. If all of these intrusions that Sitka are seeing near surface are connected at depth with higher grade gold mineralization up near 2 g/t as they just saw in hole 68 deeper down then this gold system could be absolutely huge. It could possibly be even larger than what Snowline has but we are a long ways from proving up 7 million plus ounces. It appears to me that Sitka has a cluster of Reduced Intrusion Related Gold deposits in close proximity to each other that together will add up to a very significant resource of gold at economic grades. The fact that these intrusions are so close to each other is why they think it is connected at depth but how deep and what will the grade and geometry of the deposit be. There are a lot of unknowns.
At this stage of the game it is just theories of a few geologists that it is all connected at depth. The fact is nobody knows the grade or consistency of the gold and the true width is yet to be determined. In the case of Snowline all of that has been determined and they have a spectacular gold deposit and hence the market has rewarded them with a one billion market cap. What Sitka has could eventually be equally spectacular but it will take years (not months) to determine if this is indeed the case as some are claiming. SIG is definitely worth the current market cap and I continue to be a shareholder.