SGQ 3.85% 2.5¢ st george mining limited

Ann: Mt Alexander Lithium Exploration Update, page-42

  1. 11,131 Posts.
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    Not sure why I waste my time sometimes but here you go...

    Below are the Mt Alexander Project tenures, showing a selection of neighbours along with the interpreted Pegmatite Corridor which has a relationship with the Mt Ida Fault (image: St George website).

    https://hotcopper.com.au/data/attachments/5341/5341020-924a4a832f2642e7bf7c4ce734521bbe.jpg

    Image below is the St George Mt Alexander Project tenures and ALL neighbouring tenures in the region. (Source: GeoVIEW). Please note: For those keen to have a look themselves, when you search for the Mt Alexander tenures on GeoVIEW, you will not find them if you search the holder as St George Mining. You must type in Blue Thunder Resources as the holder.

    https://hotcopper.com.au/data/attachments/5341/5341030-b8f2d2cbbf308f78aaffbd8c8a9018a1.jpg

    For the answer to your question I have limited my search to a 20km distance from the NW-SE Striking trend of the pegmatite corridor and listed our peers and their market caps below:

    - Rio Tinto (owner of Rio Tinto Exploration Pty Ltd) Market Cap of $42B
    - Delta Lithium DLI (previously RDT) Market Cap of $301M
    - Ora Banda Mining OBM (owner of Mt Ida Gold Pty Ltd) Market Cap of $226M
    - Ardea Resources ARL Market Cap of $58M

    Hancock Group (Gina), one of Australia's largest private corporations is also neighbouring to the SW of us.

    There are also some smaller players which fall in the search area:
    - Juno Minerals JNO Market Cap $10M
    - Hawthorn Resources HAW Market Cap $32M
    - Zenith Minerals ZNC Market Cap $39M

    Overall in the scheme of who is operating and exploring along this Pegmatite corridor, I would say we are bloody good value at $43M! Especially considering we have shown good shallow results so far in comparison to peers.

    Hope that answers your question, took a while to put this together so I hope it is appreciated.

    For everyone in here, GeoVIEW is a public domain so anyone can find all this info. But it can be a little confusing on how to operate for first time users.

    Last edited by coto: 09/06/23
 
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