You are 100% correct we still don't have Serious Tonnage or really any tonnage for that matter until what SGQ are finding, translates into some code in JORC. However, pow4ade is also correct in saying, "Irrespective of the actual figure its incredibly encouraging we have now progressed to seriously considering potential tonnages". At least we have to believe that this is the case because results to date have been very encouraging. I can also really understand your frustration after 7 years of waiting, I felt exactly the same when 1 million of the last options I had - expired two years after sitting in anticipation. I am still anticipating and my feelings are that this will pay sooner or later because there is ongoing serious work being conducted on this play. Let us focus on the sooner part of the equation and hope that the source for these conduits is not too deep seated and out of commercial reach. At least for SGQ to exploit. Nevertheless, SIR did O.K. in selling to a competent miner and explorer in IGO. They of-course tripled the Nova resource since its acquisition. As you know,there is a lot of elephant spoor in the Cathedrals Belt and it would really be unfortunate if SGQ don't translate one, or a bunch of them into a decent sized resource. All I can say is, "C'mon Raglan"! I'm still in there but not with 1 million this time as I can't aford the spondula in retirement.
Hang in there Intense Onlooker, Time is a mere bagatelle. At 76, I still believe that.
Cheers,
Helmenesh
SGQ Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
(20min delay)