50 cents/share is a MC of $300M... this would place SGQ amongst the nickel explorers peer group in Oz.
I don't see that as a stretch at all.
Scoping study, confirming a small scale operation would double the MC on its own...
I think people are underestimating the significance of MAD199. That hole is the first breadcrumb leading to the source. A couple of step out holes and a resource begins to be defined... 5.5ks of possibilities. The grade of the mineralisation in MAD199 was excellent... none of the other explorers have anything close.
At $50M MC SGQ is priced as if it's a fail.
St George Mining (ASX:SGQ) completes $7M placement, page-5
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Last
3.8¢ |
Change
0.001(2.70%) |
Mkt cap ! $101.5M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.9¢ | 3.7¢ | $205.3K | 5.354M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4182296 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 3155439 | 10 |
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| Last trade - 13.35pm 22/07/2025 (20 minute delay) ? |
| SGQ (ASX) Chart |