Scorpio Gold Corp. (SRCRF)

[Belgie24]

Scorpio Gold excerp from the Gold Report interview with Mexico Mike Kachanovsky:

TGR: I've noticed that Scorpio Gold Corp. (SGN:TSX.V) in Nevada has enjoyed a steady rise in share price over the last year. Any thoughts about what's backing that?

MK: I visited that project last December. I like Scorpio because it is located in Nevada, which is very friendly to mine development. It's a very low tech operation. It's a conventional open-pit mine that has a relatively low strip ratio. It's low cost to run. Scorpio's gold recoveries are running at a fairly high level. It is drilling other expansion zones on its current open-pit mine. And, it is developing a second nearby satellite pit with a currently defined deposit. It still has some debt on its books and some of its monthly production is deployed to pay down that loan. But when that loan is paid off, in a year or so, Scorpio is going to be a cash-flow factory.

http://www.theaureport.com/pub/na/12798