SXG
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3.15% $2.15 southern cross gold ltd

Ann: SXG Drills 2,318 g/t Gold over 1.0 m in best hole, page-51

  1. cobrakai1984
    5,958 Posts.
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    08/03/24
    13:47
    Post #: 72814674
    but they are pricing in stuff that doesnt exist. and thats risky. if they dont find any more repeats of the current sections, its over valued.

    Looking at it, they dont have enough to get to a mine yet. need atleast 1.5mil plus ounces in inferred to get to FID. They look like only having 600-700k actual ounces maximum (not including antimony) and its all pretty nuggety -inferred. A fair bit of their resources will be antimony and used as Equivalent ounces by the company to try to exceed this figure.
    Last edited by cobrakai1984: 08/03/24
    SXG Price at posting: $1.80 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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