Scorpio Gold Corp V.SGN

Alternate Symbol(s): SRCRF

Metals & Mining Gold

Scorpio Gold Corporation is a Canada-based company, which holds 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, United States. The Company's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with an approximately 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300-acre Manhattan Project, which is centered on two past-producing pits. The Goldwedge property is located approximately 54 kilometers north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada. The 726-hectare (1,795 acre) property covers three separate claim blocks and encompasses the Goldwedge, Keystone and Jumbo gold deposits. It also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. The Mineral Ridge property comprises approximately 5,617-hectare (13,879 acre). The Company has acquired the Northstar property.

TSXV:SGN - Post by User

Scorpio Gold Corp

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Post by Lowcapmocapon Jan 30, 2025 11:00am

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Post# 36428099

$3k Gold rerate

Now ask yourself what is this SGN worth with gold at that price. Mineral Ridge was shut with gold under 1.3k, bringing that back online surely takes Scorpio from burning money to cashflow positive. Manhattan is currently valued at zero. Stable or slightly lower gold prices worked out for Scorpio gold but at even higher prices the coil becomes that much tighter. The rerate of this stock will be incredible

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