Replies to post #34742 on Value Microcaps Junior Miners

[dr_airtime]

SGI.V - here is some DD

Denver webcast below for a starting point. Jump to 7:30. Late here and laptop batttery dying but will follow up with more next week.

Really, really cheap miner with stable future!

Webast - jump to 7:30

Here is the Q4-2019 Production Release that suggests they are turning things around, and, have a plan to start mixing in open pit material with the underground feed which is how they got the great production levels in 2017 and 2018. It appears the open feed a) is not in the 2020 80-90k Au oz guidance and b) is not in the 5 year underground plan for 75-90k oz/year @ AISC $1100 or less.

Q4-2019 production

It is important to watch the short Denver webcast above here as they spend 2019 in (underground) development mode and things will only start turning around in 2020

[Bobwins]

no gave up on SGI.v. It's still cheap but will need to prove they can reliably produce 80K + smoothly introduce the open pits to get to around 100K. Could get lumpy and market won't reward them for that until there's a reliable pattern of achievement. Always liked the big resource and the availability of second mill to expand operations but will pass for now.