Scorpio Gold’s Nasdaq Debut ($SGLD), Manhattan District Scale Potential, and Reprocessing Upside
Scorpio Gold Corp. CEO Zayn Kalyan explains the company’s new Nasdaq ADR listing (ticker SGLD) and unusual first-day trading volatility, which he attributes to limited initial ADR supply and possible third-party arbitrage, while noting liquidity has improved. He says Scorpio is undervalued on a per-ounce basis and that the market is missing the project’s district-scale potential at Manhattan in Nevada: the team has focused on a 2 km strike area within a larger 8.5 km package with past-producing mines and five historic resources, located about 10 miles from a Kinross-operated fifteen-million-ounce Round Mountain mine. The company is drilling toward a targeted 2026 two-million-ounce resource update, continues with two drills, and has launched a ~$600,000, 32-hole sonic drilling and metallurgy program to evaluate reprocessing historic leach pad/waste/stockpile material and possible toll milling. Scorpio completed a C$10.8M no-warrant financing at C$0.25 and has ~C$8M in treasury.
TSX.V: SGLD — NASDAQ: SGLD
00:00 Intro
00:31 Nasdaq Debut Volatility
01:11 US Listing Strategy
04:54 What Market Misprices
05:46 District Scale Potential
08:12 Two-Million-Ounce Goal
09:14 Reprocessing and Toll Milling
12:15 Sonic Drilling Costs Timeline
12:59 Why Sell the Mill?
14:05 Financing and Cash Position
15:46 Wrap Up and Ticker
