It looks to me that SXG is well position to transition to a...

It looks to me that SXG is well position to transition to a small but yet profitable gold producer. Here are the main points:

1. cash position of $2.7m and no debt
2. listed investments of 1m RAD shares valued at $210,000 with significant upside
3. soon upgrade to JORC resource base with the Marda project
4. scoping studies show cash cost for production around $600 to $750 AUD per oz
5. means high cash margins as gold recently touched a record of $1637.50 USD per oz
6. a feasibility study expected around end of Q3
7. further exploration upside on existing tenements and RAD's tenements

Does more need to be said about this company?

SXG: is a small and undervalued gold company for a long term investment.