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2.5¢ st george mining limited

I reckon this baby is going through the roof and this thread will become the longest on Hot Copper, page-88

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Barry2018

491 Posts.

45

04/11/20

10:07

Post #: 48628855
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Originally posted by Averagejoe2013: ↑

Even at a cost of 100mil to extract the mineralisation to a private contractor and SGQ can sell it for even 350mil which is 2/3s of what has been quoted by JP if mineralisation is 10kt then that's 250mil pure cream profit or 50c/share (500mil shares on issue with 250mil presumed cash makes 50c per share) this is VERY CONSERVATIVE and is more likely like 350-400mil profit! So then why are SGQ trading at 15c when simple math tells you at least 50c is fair value imo. gltah dyor

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SGQ should change name to BLUE SKY MINING .love your numbers

probally should stop smoking them

SGQ Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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