Steppe Gold Ltd T.STGO

The Good, the Bad and the Ugly "Prediction" for Q2 + Outlook

[Jack79]

Here is my view;

GOOD	BAD	UGLY
15K Oz gold produced Around 350k tons of ore stacked at recovery rate 2.28 g/t Actual gold recovery % > 70% Boiler plant & New crusher’s construction, installation, testing & permitting finished. Ready to go BFS finished, under revision stage	5k to 10k Oz gold produced Around 150k tons of ore stacked at recovery rate 2.0 g/t Actual recovery rate % = 70% Boiler plant finished but New crusher construction completion % = 70% BFS on track, not yet completed	No gold produced Stacked around 100k tons of ore at recovery rate below 1.9 g/t New crusher construction completion % = 50% Boiler plant installation & testing not yet completed = 80% No sign of BFS or DFS, nothing…
Fits / meets the requirements	Actually, not too Bad	Completely collapsed

[Ogopogo007]

Are you a major shareholder? perhaps you have already received "The Call" about a new "problem". Who knows what that is. Some guesses problems getting fuel to run fleet and generator? an army of locusts has invaded local farming area...no food to buy local wild dogs ate the BFS The truck driving the crusher to site ran off the road and over a cliff

[Jack79]

Yep, Ogo, ....all you said here possible reasons why failed in Q2.....I want to add another reason, a "Covid incident"...if that's the case, STGO shall suspend all the operations, block in-out movement....emergency situation takes longer than 1 month, shutting down a mine. That's real f'cking risk....could rise from such mismanaged environment like STGO. .... A fuel prices