Scorpio Gold Corp. (SRCRF)

[MUDbone1]

That was me who sold yesterday!


Just kidding, not sure what happened. Canaccord was dumping on CDN side, not sure who was dumping on USA side.
They are reporting total cash costs of less than $800.

Total cash costs:
total cash costs include all direct and indirect operating cash costs related directly to the physical activities of producing metals, including mining, processing and other plant costs, third-party refining expense, on-site general and administrative costs, royalties and mining production taxes, net of by-product revenues earned from all metals other than the primary metal produced at each unit. Total cash costs provide management and investors an indication of net cash flow, after consideration of the realized price received for production sold

These juniors are only as good as their shareholders. There are few buyers these days so any selling will depress the price. From what I can tell the company has about 3 years or more of mining with current reserves possibly more if you include expanding the current mary pit.

The company doesn't seem too concerned about the low gold price. They continue exploring the property.

This year is worst than 2008 in my opinion. I never have seen such negative sentiment on miners. Hopefully that will change soon.