Ann: Presentation - Australian Nickel Conference, page-16

I’m also amazed by ESR rise to a MC of 58 million (on the basis of one good drill result- good luck to them).

SGQ has had numerous good drill results over an extensive resource area for a MC of 52 million.

I think people are missing a major feature of the SGQ Australian nickel conference presentation. That SGQ are intending to establish low cost high margin mine operations of the high grade deposits at Stricklands and then onto Investigators and Cathedrals. Scoping study/studies underway.

Someone on HC has guesstimated previously that the shallow ore at Stricklands may be worth about 500 million dollars.
I’d guesstimate that all three mines together are somewhere in the value of 1-2 billion dollars. This is over a stretch of 4 kilometres with more nickel prospects at depth and open east west for kilometres.

That SGQ still has a MC of 52 million is insane.


IMO. DYOR