Bullboard - Stock Discussion Forum Snowline Gold Corp V.SGD

Alternate Symbol(s): SNWGF

Metals & Mining Gold

Snowline Gold Corp. is a Canada-based gold exploration company. The Company operates an eight-project portfolio covering approximately 333,000 hectares (ha). The Company is engaged in exploring its flagship project consisting of approximately 94,000 ha Rogue and Einarson gold projects in the highly prospective, underexplored Selwyn Basin. The Company’s project portfolio includes Einarson, Rogue... see more

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TSXV:SGD - Post Discussion

Snowline Gold Corp > Valley starter pit....

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Post by tony1969 on Nov 01, 2024 6:32pm

Valley starter pit....

 					Can't wait to see the new "starter pit" once all drilling is done this year at Valley and we see the 2nd MRE. The current starter pit is 2.9m ounces at a 2.35 g/t and a 1:1 strip ratio. Yes 1:1. That is from Sprott Resey. That small pit alone is enough for most exploration companies to have in TOTAL. PERIOD. I am willing to bet that with all of these SPECTACULAR infill drilling results we have had and will continue to have this year that 2.9m ounce total will rise. Imagine if we get a starter pit of 3.5m ounces (may be conservative) with a 2.5 g/t? How much are those 3.5m ounces of 2.5 g/t UBER CONTINUOUS gold worth? I will be conservative and say $300 US per ounce. That is over $1.05 billion US just for that condensed pit or about 60% higher than the $660m US we trade at today. That is JUST for the STARTER PIT!! Man this stock is undervalued!! Most junior exploration companies would LOVE to have just those resources as their entire OP LOM model. Just some facts boys. 
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