Hartleys email re SGQ announcement below. Look out for a massive rebound due to the market not understanding today's announcement. As shadders suggested above, possibly intentionally made as low-key as possible due to BHP who have kept the whole operation as low key as possible with minimal data coming out.
Good Morning,
On the 3rd of August this year I mentioned Sirius having discovered a new nickel province. The stock was then 90 cents, today it is $2.28.
Independently of Sirius, St George Mining were exploring with their partner BHP 250kms north of Sirius’s Nova discovery.
St George have released results today, in my view they are indicative of another new nickel province. This is significant and conducive for another major nickel discovery by BHP & St George.
The Nova discovery by Sirius is a very different style of mineralisation, and is in no way related to St Georges results today. They are completely different geological settings but both are very significant.
St George will drill the 100% owned Cambridge prospect in early November, which makes up 10kms of the new nickel province discovered by BHP today.
St George is highly leveraged to positive results, as there is no institutional investors on the register and the top 20 hold 65% of the stock.
