SXG 0.45% $2.21 southern cross gold ltd

Ann: SXG Drills 2,318 g/t Gold over 1.0 m in best hole, page-44

  1. 5,878 Posts.
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    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.
    Last edited by cobrakai1984: 08/03/24
 
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