Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Scottie Resources Corp ( (TSE:SCOT) ) has issued an update.
Scottie Resources Corp. has filed a Preliminary Economic Assessment (PEA) for its Scottie Gold Mine project in British Columbia, which outlines a robust Direct-Ship Ore development scenario with strong economic potential. The PEA highlights an after-tax NPV of $215.8M at a gold price of US$2,600/oz, with potential for increased value through a toll-milling scenario. The project anticipates an average annual production of approximately 65,400 oz of gold over a 7-year mine life, with a payback period of 1.7 years. This assessment underscores the project’s potential impact on Scottie’s operations and its positioning within the gold mining industry.
Spark’s Take on TSE:SCOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCOT is a Neutral.
Scottie Resources Corp’s stock score reflects the company’s challenging financial performance, with no operational revenue and ongoing losses. While the absence of debt and recent positive corporate developments provide some support, these factors are overshadowed by the bearish technical indicators and negative valuation metrics. The new project launch offers a glimmer of hope but requires successful execution to positively impact the stock.
To see Spark’s full report on TSE:SCOT stock, click here.
More about Scottie Resources Corp
Scottie Resources Corp. is a mining company that holds a 100% interest in the Scottie Gold Mine Property, including the high-grade Scottie Gold Mine and the Blueberry Contact Zone. The company also owns interests in the Georgia Project and other properties within the Stewart Mining Camp in British Columbia’s Golden Triangle, a highly mineralized district. Scottie’s strategy focuses on expanding its resource base and exploring additional mineralization around past-producing mines.
Average Trading Volume: 102,356
Technical Sentiment Signal: Buy
Current Market Cap: C$105.3M
For a thorough assessment of SCOT stock, go to TipRanks’ Stock Analysis page.