Steppe Gold Ltd T.STGO

Expanding capacity of loan collateral, not mine ops.

[Jack79]

That's why they ordered crusher before BFS....Nothing left for collateral? Use "positive" cash for add another loan collateral. Expanding loan capacity, not gold production. Horrible...Don't care it's feasible or not. 

Something more horrible beneath iceberg.

[chonasis]

Jack...what are you rambling about? You obviously don't understand how this works...so let me try to answer your question in very simple terms. Target operations is 150k oz per year (2023). To get there, they need to expand from heap leach op to CIL (Phase 2). To expand they need to spend money (maybe up to 150million they recently estimated (only a rough estimate pre BFS detailed results

[Jack79]

chonasis...i agree what you posted here. i've read that...just try to find out scientific explanation. why no BFS/DFS yet then came first that crusher. Which i don't like this "Mongolian Way". STGO hired DRA for Phase-II, a global consulting company. But what if DRA can't align processes with Mongolian way? Again "bottleneck" issue in a few days later? 

[Ogopogo007]

Jack - yes I had quesitoned the "loan"...why pay 11% to have money sit in bank. Why not structure the "loan" to be able to draw it when needed? The STGO insider that posts here now and then, claimed it was an awesome loan blah, blah nonsence. Clearly a clueless parasite trying to get Options into the money. the other goof who posts here under "STGO can only do awesome

[Jack79]

Ogo...STGO mainstream revenue will go through TDB bank now. Bank account locked for that. What happens to Triple Flag? They agreed that? I've seen early Triple Flag sold some shares. It's not easy working with a large monopoly bank in mongolia. https://jargaldefacto.com/article/erdenebilegism-ii-mongolia-s-next-corruption-episode?lang=en citation "...The history of the Trade and