Ann: Drilling to Resume at Mt Alexander, page-40

@ozblue,

Can't argue with what you have to say, because with any company in St George's position, there is uncertainty. Depending on the glass half full/half empty view, and how one sees the overall picture, these views are different as is quite apparent from posts here.

Here's my take on the sitch:

* Management is focused working towards providing sufficient evidence it has a commercial deposit here
* As this evidence grows, so will the share price and shareholder wealth
* The aim is to provide this evidence such that a big fish wants in on the project
* The current MC is circa $50m, but could be double or treble that with one deep drill
* Depending on what takes place from drilling/future SS, other funding options may be available
* If/once a big partner wants in, funding "issues" are no longer issues - and action really starts
* The geology here is massively enticing and prospective ... and potentially extremely valuable - everyone seems in agreement at least on that
* It's taking time because SGQ is a small fish so things happen slowly - much slower than the well-heeled giants
* Given the various activities in coming months with infill drilling in shallow deposits; further strategic nearby deep drilling to that commenced late last year; further honing in on DHEM targets from 2020 DD, I think 2021 has every chance of being the real year of advancement for SGQ.
* There will be an inevitable CR short term because there will need to be. Simple reality of achieving above goals. Dilution this year may be miniscule compared to what is as stake
* Every single mining share that is "lolling along" during exploration days has its unhappy holders... It happens EVERY time. Everyone would be very happy if they were $1 or $2 though.

Happy Sailing ...

Kip