SXT stratum metals limited
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drill baby drill!!

  1. piggybanks
    251 Posts.
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    18/03/12
    08:37
    Post #: 9855904
    SXT is the only other player in the Gidjee area other than Panoramic Resources("PAN"). PAN has a market cap of $300m with $100m cash. SXT market cap is $11m with $3m in cash.

    PAN bought the Gidjee gold project for $15.5m from Apex minerals Feb 2011 and SXT bought one of the tenements(100% owned now by SXT) in Oct 2010 in the Gidjee area.

    PAN has all the infrastructure mill, road etc. The mill has produced over 1m ozs of Au and now PAN is looking to beef up their tonnage by drilling and PAN has currently completed 10,000m of RC and 45,000m Aircore drilling.

    Now first stage SXT drilling hit upto 60g/t Au including 8m @ 9g/t Au. That's high grade gold at surface = open cut and depth and strike.

    What to watch out for is 6,200m of RC Drilling this week. Results due mid April

    Drill baby drill!!!

    Watch out for the play on coal in the Canning Basin in WA...
    SXT Price at posting: 27.5¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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