Replies to post #250 on Scorpio Gold Corp. (SRCRF)

[Belgie24]

Hi Talldude, it is indeed unfortunate that a performing producing company like Scorpio Gold gets zero respect in the market. They are efficient and productive.

However with the current price of gold, they do not make a lot of profit, when you consider the $800 per ounce cost of production and then all the add ins for cost of drilling, exploration, administration fees, salaries, dog and pony shows, options expenses, etc. I would guess this brings the total cost of production to at least $1100-1200 per ounce.

Still not bad, and if we went back to $1900 per ounce POG or higher, the stock price would quickly triple of quadruple.

Here's to hoping that happens within the next year, or the suffering of producing and non producing juniors will certainly continue. Many of the non producers will close up shop, IMO

Regards to you, Belgie