Ann: Strong Metallurgical Results for Mt Alexander, page-63

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tbirdsrgo

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14/03/22

08:48

Post #: 60170346
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Originally posted by Dazedandconfused: ↑

Thanks for the reply.

Last chance for a good S2 result is early next week... however, I also think it might be a duster. I am hanging in for the S3 result which looks a better bet.

The latest metallurgical testing will be the accurate one to go by... but it also is about which extraction process gives the best recovery which the earlier testing didn't cover. If they have included the disseminated sulphides then that makes the numbers truly representative and robust... imo. The fact they stated the intention to do more resource definition drilling backs up your assertion they do not yet have the numbers... but that doesn't mean it is not there. The history of the exploration has been trying to find the feeder zone rather than doing the MRE.

The new man is better qualified to make the exploration decisions than is JP. It tidies up what I had come to see as a weakness in the company. I am looking forward to a better run program.

In this current market context with Ni in big headlines the latest announcement was welcome. Even a moderately good drill result from at least one of the 5 holes will do a lot to support the SP. It is not true that all juniors will suffer in a bear market... it becomes a stock picking exercise and money does flow to the bright lights in the darkness. SGQ does need a bit of drill success right now.

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Mate, there will be no bear market in the resources - if there is a downturn, it will be short-lived!

SGQ Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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