SGQ
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2.78% 3.5¢ st george mining limited

Hi mulac1 a quibble with your post... I think results from...

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  1. Dazedandconfused
    7,580 Posts.
    lightbulb Created with Sketch. 2098
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    30/11/20
    22:21
    Post #: 49250687
    Hi mulac1

    a quibble with your post...

    I think results from Canada are central to the business plan. Having the assays would normally be enough to supply a JORC but since the ore will be processed in probably Canada the true economic value can't be stated without having hard numbers on the recovery rates.
    The JORC will provide 3 categories... the most important number is what's the reserve (i.e. that which can be profitably mined at prevailing prices) if SGQ published a JORC based solely on the Ni/Cu then the market would price the company accordingly.

    Secondly, I suspect JP wants to raise some finance to fund a mine... if he wants debt financing then he will need a complete data set...

    Thirdly, everything, everywhere is running slowly at the moment. Timelines are not what they used to be.
    SGQ Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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3.5¢ 		Change
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