Bullboard - Stock Discussion Forum Sitka Gold Corp V.SIG

Alternate Symbol(s): SITKF

Sitka Gold Corp. is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration for mineral resources in North America. The Company’s projects include RC Gold, Alpha Gold, Coppermine River, and Burro Creek. The RC Gold Project, comprised of the RC Gold, Mahtin, Clear Creek and Barney Ridge properties, is a district-scale, contiguous land package of 1... see more

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Sitka Gold Corp > pp

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Post by stint20 on Jun 13, 2023 8:30am

pp

gimme.....what do you think of the rc play and do you think they are doing a pp here

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Comment by givemeabreak1 on Jun 13, 2023 2:30pm

I like RC! I hate all the cash they are burning at the other properties. They need to do a large program at RC but would need to do a financing as their cash position is not that great. I mentioned earlier that in my opinion they likely have about 2 million at months end. Then take into account commitments to other programs that only leaves enough for a very small drill ...more

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Comment by jambon379 on Jun 13, 2023 2:50pm

Totally agree Give. The amount of shares fully diluted is a reason for retail disinterest. It concerns me. They need to focus on RC. That can always go back to the other distractions. Work your proven ground and quit chasing possibilities.

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Sitka Gold Corp