the true width was only 70cm of the nugget. 0.7m true width. it wasnt a continuous consistent intersection. hence the word uncut. looks like a lot of investors dont understand mining or the meaning of uncut and dont understand that SXG doesnt have continuous intersections, but a lot of small nugget intersections. so the actual 400m+ intersection is only sporadic intersections of a few metres here and there. It will be tough to extract the gold also. The true width of the ore body is much smaller thickness- in the 40m-60m true width range. It also doesnt have a JORC.
Now well above $350m market cap fully diluted- its over valued on what they have. Its over a small area currently as well.
Ann: SXG Drills 2,318 g/t Gold over 1.0 m in best hole, page-44
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Last
$2.41 |
Change
-0.260(9.74%) |
Mkt cap ! $469.6M | |||
| Open | High | Low | Value | Volume |
| $2.67 | $2.67 | $2.41 | $881.4K | 350.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 11789 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 6000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$2.42 |
Change
-0.260 ( 8.48 %) |
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| Open | High | Low | Volume | ||
| $2.63 | $2.63 | $2.42 | 48174 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| SXG (ASX) Chart |