Bullboard - Stock Discussion Forum Sage Gold Inc SGGDF

Metals & Mining Gold Industrial Metals & Minerals

Sage Gold Inc engages in the exploration and development of mineral resource properties. It explores for gold, poly-metallic, nickel, and copper. Its primary properties include the Onaman property comprising the Lynx project and the Headway project in the Beardmore/Geraldton Gold Camp; and the Clavos gold project in Timmins.

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Sage Gold Inc > The SP reflects the quality of the ore body.

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Post by up2005 on May 15, 2018 10:45am

The SP reflects the quality of the ore body.

Their # of oz of gold is so small, the ore grade so far is so low you can’t afford to pull it out of the ground. The burn rate will have us shutting down before we know it. The monthly obligation for gold delivery is way beyond SGXs ability to deliver. Clavos need to be massive if you think $ .49 target is achievable. Then Gold drops $ 19.00+/ox this morning. What a great day!

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Comment by stitch1956 on May 15, 2018 11:17am

I am really unimpressed wiyh management at this point. However they do have skin in the game and maybe that will motivate them to hire some expertise. As for the ore grade, what they have processed so far is broken stope material left by the former operator so that does not tell us much about grade. This new delivery appears to be new mining, so a good result is critical. St. Andrews were actively ...more

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Sage Gold Inc