Tuesday, January 07, 2014 8:51:57 PM
Roulston says why to buy Scorpio Gold
2014-01-07 19:25 ET - In the News
Lawrence Roulston, in the Dec. 30, 2013, edition of Resource Opportunities, says why to buy Scorpio Gold Corp., recently 20.5 cents. This is the first time he has recommended the stock. Scorpio hopes to begin production soon at its second gold operation in Nevada, called Gold Wedge. It acquired this project for $1.25-million and three million shares after the previous operator ran into money troubles. Since then, it has been working on rehabilitating the mill. The near-term plan is to use the mill to treat ore from Scorpio's first Nevada gold operation, Mineral Ridge. This mine produced 35,000 to 40,000 ounces of gold in 2013. Between Gold Wedge, Mineral Ridge and a third Nevada project called Pinon, Mr. Roulston thinks Scorpio will achieve its goal of becoming a 100,000-plus-ounce gold producer within three years. He likes the company's management, which includes president Steve Roebuck, a geologist and production engineer, and chief executive officer Peter Hawley, the former CEO of Scorpio Mining until Scorpio Gold was spun out in 2010. Scorpio Gold had $2.3-million in cash as of Sept. 30, which management might use to acquire more projects. Mr. Roulston concludes that the stock offers "excellent value."
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM