SGQ
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0.00% 2.5¢ st george mining limited

No company would pay $38 million/ market cap value of cash for...

  1. quickthinker
    3,416 Posts.
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    21/08/21
    21:45
    Post #: 55471814
    No company would pay $38 million/ market cap value of cash for nothing as of at present. The future of Nickel is about what is in the ground compared to how much refinery capacity has the world got. The bottleneck is in the refining not in the amount of product in the ground. A refinery takes 3 years to bring into production and we don’t have enough to process all the Nickel that will be required by 2025. Refineries can cost anything over 1Billion dollars. Clever investors are invested in the refinery side.
    SGQ Price at posting: 6.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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