Value Microcaps Junior Miners

[Bobwins]

SGI.v/SUPGF -.26 to C$.84 Ugh!!!!

http://crweworld.com/article/news-provided-by-pr-newswire/1203095/superior-gold-inc-announces-second-quarter-2019-financial-and-operating-results

Q2 came in with 23K oz produced as expected. AISC costs came in high as SGI is investing in future. New CEO sees need for higher investment to ensure future profits. He has done the right things so far and so I would give him the benefit of the doubt.

Besides, SGI.v is still VERY undervalued. They lost .02 for the qtr. They are saying AISC will creep up for the remainder of the year and production will be at the low end of guidance so mid 90,000 oz producer.

But they still have 3million oz resource. Mining is a very tough business. Miracles are few and far between. Superior is going to have to fix some past mistakes where management took the easy way and got early profits at the expense of the long run. Now they have to do the right things to collect the long term potential. The rise in gold prices should help them greatly. $200/oz is C$6million extra to the top line per qtr!!!!!!

NO DEBT!
3 million oz of reserves
less than 100 million market cap(way less after today)