Scorpio Gold Corp. (SRCRF)

[Belgie24]

Scorpio Gold stock (SGN.V/SRCRF) has been strong for the last week with gold hitting new highs.

I have a nice position, but was hoping for more SRCRF at about .70, doesn't look like it.

There are 3 events I feel will be PR'd before year end, and possibly much sooner:

1) updated mine plan and feasibility study expanding mine life from 41 months to ???. Probably over 10 years even with 100,000 ounces per year in the future.

2) in conjunction with #1, resource will be expanded near 1 million ounces.

3) gold production reaches 3500 ounces per month and ramps up towards 5000 ounces per month by year end.

Any of these will ignite the stock price, which is pretty easy to move since the insiders of Scorpio Gold, Scorpio Mining, and 3 funds (Sentry, Sprott, and one other) own most of the the float.

I think the stock will be over $1.00 easily by year end, and $2.50 to $3.00 by year end 2012.

Disclaimer: my opinions only, I like this play a lot.