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Scottie Resources Corp ( (TSE:SCOT) ) just unveiled an update.
Scottie Resources Corp has announced the results of a Preliminary Economic Assessment (PEA) for its Scottie Gold Mine Project, revealing strong economic potential. The assessment outlines a Direct-Ship Ore (DSO) development scenario with an after-tax NPV ranging from $215.8 million to $668.3 million, depending on gold prices. Additionally, the potential for toll milling at a nearby facility could further enhance project economics, increasing the after-tax NPV to between $380.1 million and $831.7 million. The project is expected to have a low initial capital cost and a short payback period, highlighting its robust economic viability and growth 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 company involved in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its Scottie Gold Mine Project located in British Columbia, Canada.
Average Trading Volume: 124,336
Technical Sentiment Signal: Buy
Current Market Cap: C$102.1M
Learn more about SCOT stock on TipRanks’ Stock Analysis page.