It is impossible to evaluate Stricklands, which has been declared a potential start up project for SGQ. We can guestimate based on what we have been told. However the real metrics are yet to be revealed.
Entec is doing the lead up work for a maiden JORC estimate which will be based on known drill intercepts and infill drilling to which we have not been privy. XPS is assessing the metallurgy of Stricklands and developing a process map for mining of its ore.
There are a stack of questions that need to be answered if we can make educated guesses........
What is the JORC estimate? How is the ground to be mined? How is the ore to be treated? Where is the ore to be treated? What are the set up and extraction costs? Do we have an off take contract? Does the scoping study include the things that would be included in a PFS? What is the time frame for mining? Is there a potential farm in to monetise the project? How is the whole project going to be funded?
The list of questions is long and many of the answers will be revealed..hopefully this quarter.
I sincerely hope that SGQ provides answers to many of these questions this quarter.
In the meantime, we look forward to West End drill results.
Cheers Mulac1
SGQ Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
