Your sentiment Is correct as is doogs' suggestion. Replanning the mode of the exploration approach in the short term makes a lot of sense as the shallow bodies could yield some cashflow. But, even if the current studies produce a JORC and a mining plan in the next couple of months, I can't see revenue for at least six to twelve months after that. In the meantime, we can't afford to go back to the well for another dip of a few shekels for exploration. at the moment we have an unfulfilled drilling programme, with just one drilling rig on-site if it is there, the silly season is upon us, to be followed by the rainy period which is bound to slow down operations.
All this of-course does not detract from the geological potential of the Mt Alexander region. So, I hope we get some really encouraging news by the end of February with, as I mentioned before, a more aggressive direction.
Happy festive season to all.
Helmenesh.
SGQ Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
