Scorpio Gold Corp. (SRCRF)

[Belgie24]

Nothing wrong with the company, other than mediocre drilling results. They have to process a whole lot of ore to produce an ounce. And they have already exhausted one pit and working on the second.

Scorpio is profitable, but not anything to excite investors. They have underperformed on promises to reach 100,000 ounces per year for several yrs now. Touring Mineral Ridge about 5 years ago, predictions were for production to reach 100,000 ounces per year in 3 yrs. Wow, missed that by a bunch. Stuck at a much lower level, no production from Goldwedge, no toll mining as predicted.

The gold bear market has to end, and gold back near the $1900 per ounce highs or this company will go nowhere.