The writing has been on the wall for a fair while.I would say...

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Suni

3,180 Posts.

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29/03/24

12:42

Post #: 73117322
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Originally posted by ozblue: ↑

@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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The writing has been on the wall for a fair while.

I would say there is a fair bit of difference between hard rock and clay in regards to ppm. 1800ppm in clay can be economic if it has a high basket value and an economic recovery flow sheet. SGQ like most other clay explorers do not have economic clays. Hence why they are all sub $30mill MC .. Most half that or lower.

Only clay explorers with a chance IMO are ones with the more valuable heavy rare earths.

SGQ Price at posting: 2.1¢ Sentiment: Sell Disclosure: Not Held
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The writing has been on the wall for a fair while.I would say...

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Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

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The writing has been on the wall for a fair while.I would say...

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Grosvenor mine fire takes another scalp as Metarock's 168-person presence on-site suspended by Anglo

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

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