Scorpio Gold Corp. (SRCRF)

[Belgie24]

Here's a new May 2012 presentation from the website that contains some interesting information.

http://www.scorpiogold.com/i/pdf/ppt/CorporatePresentation.pdf

Of note on page 6 2012 guidance, it reads that Scorpio gets 80% of payable production, and the next sentence says forecast payable will be 35-40,000 oz, so by the 80% I assume that means commercial production is declared.

Then on page 23 is new analyst coverage from Casimir Capital dated in March 2012(before the litigation and stock price drop), with a $1.50 12 month price target, some more conservative gold prices figured in than Jennings used, some talk about Mary pit adding 10,000 oz to production in 2013, a list of the biggest holders of Scorpio stock, Sentry 17%, Scorpio Mining 13%, Libra 12%, RBC 8%.

Interesting also is mention in the analyst report that pre-stripping of the Mary pit is almost complete and production ore from Mary would begin to the leach pad around the end of Q1 2012. This may be part of the reason production in Q1 2012 was less than forecast at around 7000 oz of gold sold. Previous comments from the company had indicated that ore from Mary was being added much earlier, like in late January 2012. So they can probably make the 35-40,000 oz for the year, even with the slow start, if Mary kicks in, is my thought.

Surprising today there was no volume at all basically, after the drilling PR.

http://www.scorpiogold.com/s/news.asp?ReportID=528094