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Scottie Resources Corp ( (TSE:SCOT) ) just unveiled an announcement.
Scottie Resources Corp. has filed a NI 43-101 technical report for its Scottie Gold Mine Project, revealing an inferred mineral resource estimate of 703,000 ounces of gold. The project is optimized for a phased open pit and underground mining scenario, leveraging existing infrastructure and a high-margin, low-cost model. The company plans to convert resources from inferred to indicated through infill and expansionary drilling, targeting significant upside potential.
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 owns a 100% interest in several properties, including the Scottie Gold Mine Property, the Georgia Project, and others, located in the Golden Triangle of British Columbia. The company focuses on expanding mineralization around past-producing mines and advancing high-grade gold targets to produce a high-margin DSO product.
Average Trading Volume: 35,265
Technical Sentiment Signal: Sell
Current Market Cap: C$44.47M
See more data about SCOT stock on TipRanks’ Stock Analysis page.