Good morning Silverlake,
Unless I missed it, I don't recall seeing any figures with a "PROVEN" Jorc category status. Without getting into semantics, if there are 50,000 tonnes of proven Ni in the ground, I imagine the share price would be quite a bit higher than around 6-7 cents, especially now that the Ni price has increased significantly since the brokers, Argonaut released a back of envelope calculation some time ago and having identified significant PGE grades as accessory mineralisation.
There might be a total of 50,000 tonnes of Ni scattered within the Mt. Alexander prospects as you selectively highlighted, but are they economically minable? if not, they cannot be classified as a proven resource; at least not as I understand the JORC requirements.
Cheers,
Helmenesh.
- Forums
- ASX - By Stock
- SGQ: TAKE OVER TARGET ?
Good morning Silverlake,Unless I missed it, I don't recall...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SGQ (ASX) to my watchlist
|
|||||
Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $31.56M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 2.9¢ | $10.60K | 364.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 116165 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 541257 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 116165 | 0.029 |
7 | 1046297 | 0.028 |
4 | 1356900 | 0.027 |
8 | 15829436 | 0.026 |
9 | 14881430 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 541257 | 5 |
0.031 | 809827 | 4 |
0.032 | 411780 | 3 |
0.033 | 687656 | 6 |
0.034 | 170342 | 2 |
Last trade - 15.42pm 12/09/2024 (20 minute delay) ? |
Featured News
SGQ (ASX) Chart |