Steppe Gold Ltd STPGF

Primary Symbol: T.STGO

Metals & Mining Industrial Metals & Minerals

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation.

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Steppe Gold Ltd > Cash backed EPS or EPS in the paper?

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Comment by AlfTanneron Nov 16, 2024 11:24am

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Post# 36316439

RE:Cash backed EPS or EPS in the paper?

They are building a new mine that will cost $150M or more. It would be irresponsible to pay out dividends rather than fund the new mine. In a few years, all the debt from the new mine will be paid back, and this company will be rolling in cash.

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