John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

Scorpio Gold Is An Undervalued 'Variant Perception' Play

Company overview

Scorpio Gold (OTCPK:SRCRF) is a Canadian-based gold miner that operates the producing Mineral Ridge mining project in Esmeralda County, Nevada, in which it owns a 70% interest (joint venture partner Waterton Global Value owns the remaining portion) and receives 80% of the cash flow. SRCRF also owns 100% of the advanced exploration-stage Goldwedge property in the Manhattan mining district in Nevada.

Note: There is higher volume on the primary TSX Venture Exchange under the ticker SGN. All financials are in USD.

Mineral Ridge: The proverbial golden goose

This project certainly fits this description given the increasing production, lack of hedges that would limit upside and location in one of the most attractive locations in the world....

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