SGQ 3.13% 3.3¢ st george mining limited

Ni $6+ a pound

  1. 1,275 Posts.
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    With nickel soaring past the $6 a pound to $6.06 one begins to wonder why SGQ is still at 39mil Market Cap. I've done a simple comparison with a peer like LEG.... LEG has a MC of 70mil - SGQ 39mil. What does LEG have that SGQ does not? The only thing is a placement by Independence group who paid a 30% premium to obtain a position in the junior. Imo sgq is much better placed and advanced than LEG and is virtually 100% certain of having a feasible running mine of ni sulphide in the not too distant future. This stock must rerate rhe market is asleep. Even a MC of LEG's price warrants SGQ to be trading between 18-20c at a bare minimum. The rerate will come and the market will be dumbfounded searching as to why they missed this diamond in the rough. All in my opinion dyor.
 
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