SGQ: TAKE OVER TARGET ?, page-9

Nothing beats misinformation better than facts.

* The footprint... size matters



* The location.... Mt Alexander is located in a nickel province... location matters.

*Tier 1 mining jurisdiction Western Australia
•Neighbouring major nickel operations, including BHP’s flagship nickel mines
•Access to existing infrastructure, roads and power
•Established route to market




* The drill core from the discovery at depth... demonstrating there is more to MA than just the near surface pods.
   .... Massive sulphides with average XRF values up to 7.34% Ni and 4.74% Cu



I notice some errors in your posts @ozblue... for someone who 'beats their chest' so vociferously about accuracy of information you should be more careful.
"Out of the new lot of targets, do you really think it worthwhile to drill a 13m X 10m target at over 400m deep?? Surely it would be best to drill 75m from it and do DHEM around the new hole to 'see' if there were any larger accumulations worthwhile drilling!!"

Go back and look at the diagram again from the latest announcement! The coordinates are supplied along the edges of the diagram  and it's clear the target they are considering is approx. 25m x 20m (500sq.m)(not the piddly 130sq.m you are claiming). ... as for your technical advice on how to explore it... I'll pay you a pinch of cocky's poo for it.

"Wasn't it BHP that relinquished the 75% interest in the Mt Alexander area to SGQ, because they couldn't be bothered with the area after their drilling in 2008 found only a few small pods?? "

Well...if that statement is a reflection on how much research you have done on this prospect then it just demonstrates ignorance (if meant as a genuine observation and not you just trying to grind your axe a bit sharper) . BHP closed down their nickel operations across the board when the nickel price was somewhere around $5k/t. As a result they relinquished their nickel related exploration tenements. SGQ,at the time, was engaged with BHP on other projects and because of that JP had the inside running knowing MA was available. (nowadays, of course, BHP has a reignited interest in all things nickel...as it seems Twiggy Forest and others).

SGQ's current MC is below $40M... they are methodically exploring MA and have begun exploring Paterson. No debt. About $6M still in the kitty. JP has been consistent the near surface deposits can be profitably mined and we await the results of the metallurgy from Canada and the independently assessed scoping study which will be generated from that.

Lastly.... this was the presentation JP gave in May this year at the Sydney Resources Round up where you can hear it all from 'the horses mouth'.