SGQ 5.00% 1.9¢ st george mining limited

Ann: Investor Presentation, page-22

  1. 8,706 Posts.
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    @Suni the real turning point for me was when they decided to drill a 4m X 4m conductor at over 400m depth, just before they launched into the seismic stuff on the nickel exploration. It was an indication to me they were clutching at straws as the nickel search had not found anything meaningful.

    At that point the Mcap was being held up by the prospect of a 'near' nickel find, way above other junior explorers with nothing. Now nickel is just a passing word in presentations, as much to do with the 'new' area of Ajana as anywhere else..

    Also noticed up to the old tricks, sorry 'errors' (always in the company's favour) of claiming .....
    "Mineralised intercepts of more than 100m thick" P5 under 'Clay Hosted REE discovery'.

    Then of course the actual longest mineralised intercept only being 42M of a fairly ordinary 1,832ppm TREO.

    Just for those interested, Lynas's Reserve is 80,000ppm TREO, so SGQ's results and 'discovery' are not within a bull's roar of being decent or mineable...
 
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