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Bullboard - Stock Discussion Forum Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

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... see more

TSX:STGO - Post Discussion

Steppe Gold Ltd > A smarter way to "own" STGO
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Post by Ogopogo007 on Feb 06, 2022 9:27am

A smarter way to "own" STGO

if one is of the opinion that STGO might make a go of mining in Mongolia (so far they suck at it) buying shares in Triple Flag is a much smarter investment than buying shares in STGO...my opinion

Triple F already has 

Triple Flag’s agreed purchase price of gold and silver from 30% to 17% of the relevant market price for delivered metals. In addition, Steppe West granted a 3% net smelter returns royalty to a subsidiary of Triple Flag on minerals derived from the Uudam Khundii property owned by Corundum. 

STGO hasn't even drilled UK as yet but gave up 3% of everything they find there. UFB

Pinocchio has paid up to $2.95 buying STGO shares (quick search on SIDI) so watching insider buying is a Fools Game here. Pinocchio sure must like haircuts...got a big one here. Wonder if he told his wife how much $$$ he's down? (there was a retarded poster here that I had to put on ignore....voted in favor of massive dilution a while back with same strategy...drink the koolaid, buy high and then buy more after SP tanked to average down share costs)

TFPM.to also pays a 1.6% div....imagine getting paid to wait !! Lot's of waiting with STGO...and watching SP tank

Let STGO run around sponsoring  marmots and trees, TFPM just collects their gold & silver


Triple Flag has now determined the Annual Cap Amounts upon the achievement of the Commercial Production Date as the Gold Cap Amount to be 7,125 ounces of Produced Gold annually and the Silver Cap Amount to be 59,315 of Produced Silver annually.

wonder if STGO has to buy gold & silver to pay TFPM when production shortfalls occur? Or send some marmot stew over?

JMHO
Comment by justus717 on Feb 06, 2022 3:07pm
This post has been removed in accordance with Community Policy
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