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2.5¢ st george mining limited

Ann: High Grade Nickel-Copper Sulphides in First Drill Hole, page-59

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helmenesh

1,195 Posts.

1035

26/07/18

10:06

Post #: 34569622
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Originally posted by mulac1 ↑

Hi there HH,
An all up ni equivalent of 2.0Mt @ .041 is 82,000 tonnes of contained metal.
The Ni price in Aussie dollars is around AU$18200

Work out the capex and opex and then you have a valuation over the LOM. ( a description of mine program/s would be needed)

If these high grades continue to be exposed across the prospect, then there is a potential in situ valuation north of one or two billion dollars.

As Helmenesh says, the market is not awake to the potential of MA and the Cathedrals Belt.

Let the bell ringers start ringing and let the Campanologists start to study the bells and for whom they toll....lol

Cheers
Mulac1

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Nicely expressed Mulac1. Always good to read you.

Have a good day,
Cheers,
Helmenesh

SGQ Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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