SGQ 0.00% 2.5¢ st george mining limited

Apparently I was 'advertising' another mob, so I wont, and not...

  1. 8,960 Posts.
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    Apparently I was 'advertising' another mob, so I wont, and not only that I personally would not buy their wares, nor do I suggest anyone else does either....

    "The Company has been engaged by SGQ to share our commentary on the progress of our Investment in SGQ over time."
    So in other words paid ramping, as if anyone would consider that unbiased...

    Did they bother to mention the B4 tailings dam of CBMM sitting above the project area and the reports written about it? Nope... they went with the misinformation line of the company..

    How come this information about the old tailings Dam exists in reports that neither the company, nor NI decided was relevant, but clearly will take time and funding to counter, with no guarantee that SGQ or Itafos before them could do any mining on this site, depending on what the research comes up with.

    What seems to be pertinent is the amount of studies that need to be performed, including gathering just about every piece of information CBMM have on the large old tailings dam, called in the reports the CBMM B4 dam.
    Then a multitude of specialist reports and investigations, based on the information from CBMM, plus a whole raft of new work.
    Document 5311134 https://sei.anm.gov.br/sei/modulos/...aDEb654u77rx-SwNigFzEtWck4fDe6_nd6Vru16OQMNA2
    even has a timetable for all these expert reports and investigations. pg 15
    The timeframe is 24 months for all this work. The quotes below are as google translated it...

    " REQUEST FOR DOCUMENTATION FROM THIRD PARTIES
    2 HIRING A COMPANY SPECIALIZED IN GEOTECHNICS
    3 EVALUATION OF THE DOCUMENTATION OBTAINED
    4 FIELD INSPECTION
    5 PREPARATION OF SPECIFICATIONS FOR COMPLEMENTARY SERVICES
    6 CONTRACTING AND EXECUTING TOPOGRAPHIC SURVEY
    7 CONTRACTING AND EXECUTING RESEARCH FIELD AND LABORATORY TESTS
    8 HYDROLOGICAL STUDIES -HYDRAULIC
    9 PREPARATION OF THE HYDROGEOLOGICAL MODEL FOR LOWERING THE MINE AND GROUNDWATER MONITORING PLAN
    10 CARRYING OUT STABILITY ANALYSIS AND PREPARATION OF THE FINAL OPINION ON THE SAFETY CONDITIONS OF THE ENTERPRISE
    11 STUDY FOR THE DISPOSAL OF STERIL
    12 CONTRACTING THE REVIEW OF THE MINING PLAN


    "REVIEW OF THE MINING PLAN Based on the investigations,
    tests and stability analyzes carried out, the mining plan must
    be reviewed by a specialized company in order to guarantee
    the viability of the existing project and thus define possible changes
    to adapt to the desired assumptions and imposed in the
    geological-geotechnical studies of safety and stability of the
    B4 Dam structure and pit slope.
    "

    It's really noticeable that not one promoter of the project has been able to quote from this report saying the B4 Dam is not an issue that will easily go away.

    How come NI didn't mention it? Surely if it was easily dismissable, they would have included it, likewise for SGQ, why not come out in the open with all the details instead of pretending it doesn't exist?
 
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