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Scottie ResourcesTSXV:SCOT

Gold developer, with a project stated to be in northern BC, just north of Stewart, BC.

NoneCanada — as stated on the recordings

developer gold NoneCanada
Jul 2025 → Nov 2025Covered
8 of 10Topics on record
3Figures tracked over time
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 3 interviews with the company
Stage
Developer
Primary commodity
Gold
Jurisdiction
northern BC, just north of Stewart, BC
Deposit
high-grade ore
Latest appearance
19 Nov 2025
On record
3 interviews · 44 statements · 2 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
open pit about 80,000 ounces over a year and a half
Management-stated Thomas Mumford Nov 2025
Grade
7.7 grams per ton in open pit
Management-stated Thomas Mumford Nov 2025
Money on hand
around 40 million already set up, plus $25 million US facility from Ocean Partners
Stated capital need: buildout 130 million Canadian, payback from open pit mining
Management-stated Thomas Mumford Nov 2025
What happens next
2028
Management-stated Thomas Mumford Nov 2025
The main open question
Management claims rely on unproven feasibility study (due early 2026) and a direct-ship ore model that requires successful sorting at commercial scale—neither yet de-risked.
Weighed from the statements below, not our opinion of the company.
Our reading

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Capital needed $16.8 million130 million ≠ Different basis One statement qualifies the figure and the other does not (financing) 2 statements on record
23 Sep 2025
$16.8 million financing
“So, it was actually a $16.8 million financing.”
19 Nov 2025
130 million Canadian
“So you've got the buildout is 130 million. Yeah. Uh Canadian”
Financing 8.4 million11% ≠ Different basis One statement qualifies the figure and the other does not (flow, invested, through) 2 statements on record
23 Sep 2025
Ocean Partners invested 8.4 million and 6 million flow-through
“Ocean Partners, the one that we did the offtake agreement. So, they they put in 8.4 four and and basically a charity flowth through structure. So they were 6 million on the back end for that.”
19 Nov 2025
Ocean Partners owns 11% with offtake agreement and $25 million US funding commitment
“they now own 11% of Scotty as an equity position. um they have an offtake agreement... Ocean Partners has agreed to fund up to $25 million US for the construction of the whole project.”
Study due ? Wording changed No comparable date in one of the two statements 2 statements on record
23 Sep 2025
PEA coming out in October
“After that, we've got our pea coming out in October.”
19 Nov 2025
feasibility study in progress
“we're working on right now. So that covers their offtake.”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Scottie Resources's own claims across 3 interviews — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the open pit alone yields 80,000 ounces over 18 months at 7.7 g/ton, with a $216 million NPV at $2,600 gold (rising to $670 million at $4,200), supported by a $130 million buildout, direct-ship ore model avoiding…

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says the open pit alone yields 80,000 ounces over 18 months at 7.7 g/ton, with a $216 million NPV at $2,600 gold (rising to $670 million at $4,200), supported by a $130 million buildout, direct-ship ore model avoiding mill/tailings, and $40 million cash plus $25 million US from strategic partner Ocean Partners (11% owner with offtake). A bulk sample completed this summer confirms ore quality.

▼ Bear case

Management claims rely on unproven feasibility study (due early 2026) and a direct-ship ore model that requires successful sorting at commercial scale—neither yet de-risked.

What it rests on
Evidence: 3 moments from 2 interviews
Read the full case

Management claims rely on unproven feasibility study (due early 2026) and a direct-ship ore model that requires successful sorting at commercial scale—neither yet de-risked. The project needs $130 million capital against $65 million committed, leaving a $65 million funding gap. Permitting (mine permit application in 2027, two-year baseline studies required) is flagged as the longest lead item, with first production slated for 2028. No independent validation of ore grade, economics, or permitting path is on record.

◆ Watch next

Feasibility study commencing early 2026 (fact 27) and phase-two ore sorting study results to validate the DSO model (fact 28); 25,000 meters of drilling results releasing over the next 3–4 months (fact 29) to support mine plan and…

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Feasibility study commencing early 2026 (fact 27) and phase-two ore sorting study results to validate the DSO model (fact 28); 25,000 meters of drilling results releasing over the next 3–4 months (fact 29) to support mine plan and permitting de-risking; mine permit application submission in 2027 (fact 19) and two-year environmental baseline studies (fact 23) on the critical path to 2028 production.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 16 statements

The deposit 8

Key takeaway. Management describes the Scottie deposit as a high-grade gold project with very high-grade pyrite-rich veining.

Read the full summary

In the November 2025 interview, the company reported open-pit reserves of about 80,000 ounces at 7.7 grams per ton, with a bulk sample grading about 15 grams a ton. They said the open pit would run for about a year and a half before transitioning underground. In the September 2025 interview, the CEO noted a drill hole that returned approximately 30 grand per ton over 24 meters.

What was actually said
deposit type
high-grade ore
“We discovered this high-grade re uh resource and we're trying to bring that into production as quick as possible.”
Thomas Mumford· 19 Nov 2025·
exploration upside
open pit runs for about a year and a half, then goes underground
“The open pit runs for about a year and a half and then it goes underground.”
Thomas Mumford· 19 Nov 2025·
grade
7.7 grams per ton in open pit
“The open pit is in the PA is 7.7 grams per ton.”
Thomas Mumford· 19 Nov 2025·
Show the other 5 statements
reserve size
open pit about 80,000 ounces over a year and a half
“So you mine that for a year and a half it's about 80,000 ounces.”
Thomas Mumford· 19 Nov 2025·
resource size
about 15 grams a ton from bulk sample
“4500 tons. It's going to be about 15 grams a ton.”
Thomas Mumford· 19 Nov 2025·
deposit type
very high-grade pureite pyate rich vein
“We're mining a vein that outcrops at surface. Very high-grade pureite pyate rich vein.”
Thomas Mumford· 23 Sep 2025·
deposit type
high-grade gold project
“We got a high-grade gold project.”
Thomas Mumford· 23 Sep 2025·
exploration upside
drill hole approximately 30 grand per ton over 24 meters
“approximately 30 grand per ton over 24 meters”
Thomas Mumford· 23 Sep 2025·

Jurisdiction 4

Key takeaway. Management says Scottie Resources is located in northern BC, just north of Stewart, BC, in the southern part of the Golden Triangle, within Canada.

Read the full summary

The company notes this jurisdiction in both its September 2025 and November 2025 comments.

What was actually said
country
Canada
“We've got a project in northern BC.”
Thomas Mumford· 19 Nov 2025·
region
northern BC, just north of Stewart, BC
“We've got a project in northern BC. So, it's located just north of this town called Stewart, BC.”
Thomas Mumford· 19 Nov 2025·
country
Canada
“So, we're based in Canada. We're in BC.”
Thomas Mumford· 23 Sep 2025·
Show the other 1 statement
region
northern BC in the southern part of the Golden Triangle
“We're in BC. We're in northern BC in the southern part of the Golden Triangle.”
Thomas Mumford· 23 Sep 2025·

Technical risk 4

Key takeaway. Management of Scottie Resources has designed the project around a direct ship ore (DSO) model, first described in September 2025 as including ore sorting to upgrade grade, and reiterated in November 2025 without a mill or tailings facility.

Read the full summary

The company reports the property is situated along an existing road with power in the area and close to a deep-water shipping port, which supports the DSO concept. However, management also identifies permitting as one of the longest lead-time items, a key risk for advancing the project.

What was actually said
key assumption
direct ship ore (DSO) model - no mill or tailings facility required
“It's a direct ship or model. So that means we don't need a mill. We don't need a tailings facility.”
Thomas Mumford· 19 Nov 2025·
key assumption
direct shipped ore (DSO) model with ore sorting for grade upgrade
“one component to this DSO model is upgrading the resource using or sorting”
Thomas Mumford· 23 Sep 2025·
key assumption
situated along existing road with power in area and close to deep water shipping port
“we're situated along an existing road. Um we've got power in the area. You know, there's a deep water shipping port. were one of the closest mines in the entire world to a deep water shipping port”
Thomas Mumford· 23 Sep 2025·
Show the other 1 statement
stated risk
permitting is one of longest lead time items
“that's one of our longest lead time items is making sure that we convert as much from inferred to indicated to get the mine plan advanced.”
Thomas Mumford· 23 Sep 2025·

Economics 10 statements

Economics 4

Key takeaway. Management of Scottie Resources outlined the project economics using a base-case gold price assumption of $2,600 US and a high case of $4,200 US (November 2025).

Read the full summary

They reported a buildout capex of $130 million Canadian with payback coming from open pit mining. At the base-case price, the company reports an NPV of $216 million US; at the high case, NPV increases to $670 million US and the IRR reaches 150% (November 2025).

What was actually said
capex
buildout 130 million Canadian, payback from open pit mining
“So you've got the buildout is 130 million. Yeah. Uh Canadian”
Thomas Mumford· 19 Nov 2025·
irr
150% at $4,200 gold
“the IRRa at that point goes up to 150%.”
Thomas Mumford· 19 Nov 2025·
npv
$216 million US at $2,600 gold; $670 million at $4,200 gold
“the project is worth $216 million US or Canadian, sorry... it goes up uh up to $670 million.”
Thomas Mumford· 19 Nov 2025·
Show the other 1 statement
price assumption
$2,600 US base case, $4,200 high case
“the base gold price that we did our PA at was $2,600 US, right? And at that price... If you go up to $4,200 gold, which is the high price that we we showed”
Thomas Mumford· 19 Nov 2025·

Financing 6

Key takeaway. In November 2025, management said the company launched a $23 million financing and already had around $40 million in cash, plus a $25 million US facility from Ocean Partners, which also holds an 11% ownership stake with an offtake…

Read the full summary

agreement. The company stated it needs $130 million Canadian total. However, in September 2025 management had reported a separate $16.8 million financing and said Ocean Partners had invested $8.4 million plus $6 million in flow-through.

What was actually said
capital needed
130 million Canadian
“So you've got the buildout is 130 million. Yeah. Uh Canadian”
Thomas Mumford· 19 Nov 2025·
cash position
around 40 million already set up, plus $25 million US facility from Ocean Partners
“we have around 40 already set up the $25 million US facility.”
Thomas Mumford· 19 Nov 2025·
dilution
$23 million financing launched
“We launched a financing this morning. So $23 million.”
Thomas Mumford· 19 Nov 2025·
Show the other 3 statements
financing status
Ocean Partners owns 11% with offtake agreement and $25 million US funding commitment
“they now own 11% of Scotty as an equity position. um they have an offtake agreement... Ocean Partners has agreed to fund up to $25 million US for the construction of the whole project.”
Thomas Mumford· 19 Nov 2025·
capital needed
$16.8 million financing
“So, it was actually a $16.8 million financing.”
Thomas Mumford· 23 Sep 2025·
financing status
Ocean Partners invested 8.4 million and 6 million flow-through
“Ocean Partners, the one that we did the offtake agreement. So, they they put in 8.4 four and and basically a charity flowth through structure. So they were 6 million on the back end for that.”
Thomas Mumford· 23 Sep 2025·

Timeline 15 statements

Timeline 15

Key takeaway. Management says the company obtained a bulk sample permit in August 2025, completed a 10,000-ton bulk sample, processed 4,500 tons, and expects revenue from it by the end of the year (Sep 2025); shipping was expected in October that year.

Read the full summary

A preliminary economic assessment (PEA) was due in October 2025, and a feasibility study is now in progress, set to begin early 2026 (Sep 2025). The mine permit application is to be submitted in 2027, described as about a two- to two-and-a-half-year process (Sep 2025), and first production is targeted for 2028 (stated in both Sep and Nov 2025).

What was actually said
first production
2028
“So timeline to produce 2028.”
Thomas Mumford· 19 Nov 2025·
milestone
bulk sample of 10,000 tons completed, 4,500 tons processed
“this summer we've done a bulk sample. So, a 10,000 ton bulk sample. We were able to get 4,500 tons of board of that”
Thomas Mumford· 19 Nov 2025·
milestone
permit obtained in July this year
“Yeah. Yeah. It it was a bit a mini version of it. So we got the permit in July this year.”
Thomas Mumford· 19 Nov 2025·
Show the other 12 statements
milestone
baseline studies for two years
“we need baseline studies for two years environmental baseline.”
Thomas Mumford· 19 Nov 2025·
permit timing
mine permit application to be submitted in 2027
“So we're plotting it out right now. Yeah, the permitting is the longest lead time item... we would be we're planning to submit our mine permit application in 2027.”
Thomas Mumford· 19 Nov 2025·
study due
feasibility study in progress
“we're working on right now. So that covers their offtake.”
Thomas Mumford· 19 Nov 2025·
first production
2028
“We're looking to be in production in 2028 is our current mine plan for this.”
Thomas Mumford· 23 Sep 2025·
milestone
revenue by the end of the year on bulk sample
“So, we'll have revenue by the end of the year on that bulk sample.”
Thomas Mumford· 23 Sep 2025·
milestone
25,000 meters of drilling this year with results over next 3 to 4 months
“we're going to be doing 25,000 meters roughly of drilling this year. So over the next 3 to four months we'll be releasing those.”
Thomas Mumford· 23 Sep 2025·
milestone
bulk sample shipping out probably in October this year
“we'll be shipping it out probably in October this year.”
Thomas Mumford· 23 Sep 2025·
milestone
bulk sample permit granted in August
“so there was talk of a bulk sample being taken with permits granted in August.”
Thomas Mumford· 23 Sep 2025·
milestone
early 2026 will start feasibility study
“early into the year, uh, 2026, we'll be starting our feasibility study.”
Thomas Mumford· 23 Sep 2025·
milestone
phase two sorting study at feasibility level study
“We've got a a phase two or sorting study. So, that's one component to this DSO model is upgrading the resource using or sorting uh in terms of the grade upgrade and reducing the amount of waste that we're shipping. So, that's phase two will be coming out. That'll be at a feasibility level study.”
Thomas Mumford· 23 Sep 2025·
permit timing
about a two two and a half year process
“We're looking at about a two two and a half year process to get there and and to be permitted.”
Thomas Mumford· 23 Sep 2025·
study due
PEA coming out in October
“After that, we've got our pea coming out in October.”
Thomas Mumford· 23 Sep 2025·

Corporate 3 statements

Management 1

What was actually said
insider ownership
Ross Bey owns 5% of the company
“like what we're doing supporting us as we go forward. >> I mean we got some pretty big names in in the in the project now like Ross Bey owns 5% of the company.”
Thomas Mumford· 19 Nov 2025·

Market 2

Key takeaway. Management of Scottie Resources notes two avenues of market interest in their project.

Read the full summary

They point to an offtake agreement with Ocean Partners' blending facility in Taiwan as evidence of strategic interest. They also identify Ocean Partners itself, a metal trading group, as a potential acquirer.

What was actually said
potential acquirer
Ocean Partners (metal trading group)
“we've made a partnership with O Ocean Partners who's a metal trading group”
Thomas Mumford· 23 Sep 2025·
strategic interest
offtake agreement with Ocean Partners blending facility in Taiwan
“there's a they have a blending facility in Taiwan. And so it would be largely shipped over to their blending facility and that's where our offtake agreement is with.”
Thomas Mumford· 23 Sep 2025·

Sources 3 interviews

Every interview 3

DateChannelInterviewStatements
19 Nov 2025 Crux Investor Scottie Resources (TSXV:SCOT) - BC Gold Miner Ships First Ore Imminently, Targets 2028 Production 23
23 Sep 2025 The Deep Dive Gold Bulls Run Faster Than New Mines?! | Thomas Mumford - Scottie Resources 21
25 Jul 2025 Triangle Investor Accelerating toward gold production (TSX.V:SCOT) No claims identified

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 3
ascot resources 2
ocean partners 1
premier mill 1
silver 1
franco-nevada 1
newmont corporation 1

Questions people ask

What is Scottie Resources's project and where is it?

Scottie Resources is a developer gold company, with a project stated to be in Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Scottie Resources?

We track 3 interviews mentioning Scottie Resources, across 3 channels (Crux Investor, The Deep Dive, Triangle Investor).

What are investors saying about Scottie Resources?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Scottie Resources cover?

The most-discussed topics on record are timeline, the deposit, financing, economics — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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