Greetings ozblue.
You have analysed the situation very well indeed. your conclusion about the elephant is what I have been suspecting for a long time when considering the shallow mineralisation. they should concentrate on close-spaced drilling of the dipping mineralised shallow pods in order to calculate a quick JORC over the 3 prospects of the Cathedrals, this can be done with a combination of RC and some core drilling. This may prove a resource to sustain ongoing expenditure while the deeps are tested. Even then, I doubt that the shallow pods will define a mineralised tonnage of any significance. Ultimately if the next three deep holes show some promise with 25m to 40m mineralised intersections then the entire exploration focus should be directed to the deeps. But, that will require a lot of money and time. Today's report was a bit ho-hum I'm afraid, We do not need any more surveys at this stage, we need to drill, drill, and more drill what we already know to prove quick potential returns so as to sustain and survive in the next 2 to 3 years.
Well done ozblue.
Cheers,
Helmenesh.
- Forums
- ASX - By Stock
- SGQ
- Ann: Drilling Update for Mt Alexander
Ann: Drilling Update for Mt Alexander, page-31
-
- There are more pages in this discussion • 159 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SGQ (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.6¢ |
Change
0.001(2.86%) |
Mkt cap ! $39.18M |
Open | High | Low | Value | Volume |
3.5¢ | 3.7¢ | 3.4¢ | $376.7K | 10.56M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 92413 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 420837 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 92413 | 0.034 |
4 | 369963 | 0.033 |
4 | 3846900 | 0.032 |
1 | 1111111 | 0.031 |
8 | 1000335 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 420837 | 3 |
0.037 | 1447297 | 3 |
0.038 | 482159 | 7 |
0.039 | 1194000 | 3 |
0.040 | 1627176 | 5 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
SGQ (ASX) Chart |