Steppe Gold Ltd T.STGO

only 57% metal recovery...OUCH

[Ogopogo007]

From NI 43-101 pg 15

From those of us , due dilligence starts at SEDAR.COM, reading regulatory filings

Unlike the liteweights who think watching a webinar is due dilligence, hearing fairy tales spun by Pinocchio. Drink the Koolaid

[Jack79]

In addition. Too costly running...if continue like that, WACC will be high and NPV low. Someone calculated Debt/Equity ratio?

[Ogopogo007]

Jack79 - from Crux interview, I was astonished to discover Phase 2 had increased $50,000,000....conservatively Hopefully BFS lays out cost of phase 2...that's why BFS IRR% are a very closely watched number WVW has an IRR of 91%...still isn't built

[Jack79]

Well...looks like almost same case Turquoise hill-Rio tinto in Mongolia. No dividend till 2051 for shareholders and UG mine cost almost doubled comparing to initial BFS...strange...history repeating?

[Jack79]

Of course...no one will happy for that...Now Mongolian Government about to cancel that Rio's Phase2 UG mine investment agreement, Miningjournal.mn says...If it's almost same case for Steppe shareholders...i wonder, ...need to ask cancel that Phase2-CIL?

[chonasis]

Jack79 - Not sure how you can compare Rio Tinto (and their recent issues with the goverment) to STGO's situaiton??  I'd say it is apples and oranges there.....STGO clearly has the government on side and actually invested (first investment out of their new fund + have already placed initial tranche debt for phase 2 expansion)....So the Rio deal was poorly structured from the start and

[chonasis]

Ogopogo (aka Doug the Janitor)Yyou tried to pull this one with your GripNRip alias a few weeks ago....adn failed....not everyone on here is the imbecile you think they are (and who you prove yourself to be in each post)....You also ddemonstrate your lack of understanding of the word "conservative" in this context.  No one in any interview anywhere (including the CRUX interview you