Scorpio Gold Corp. (SRCRF)

[Belgie24]

Are Sprott and Waterton directing the consolidation of Central Nevada gold operations?

Taking a look at Sprott's Annual Statement on 12/31/2011, you'll find all our favorite companies discussed. This is a long 115 page report, covering all their funds, so I direct you to the following:

Page 9 - Sprott Canadian Equity Fund owns 3.5 million shares of Gryphon Gold

Page 12 - Sprott Canadian Equity Fund owns 5.8 million shares of Royal Standard

Page 45 - Sprott Small Cap Equity Fund owns 4.5 million shares of Scorpio Gold

http://www.sprott.com/media/128408/Audited-Annual-Financial-Statements.PDF

In summary, connections exist between Waterton, Sprott, and the 3 Central Nevada gold operations. Now Scorpio has gotten GPXM out of the way at Mineral Ridge, proposed buying Royal Standard's Goldwedge, and Gryphon has a Waterton loan due starting next May, which looks doubtful they will be able to repay.