Yesterday, PLS announced the acquisition of Brazil's LRS lithium project. They must have carefully considered all aspects of this project. Brazil has very good mining policies, cheap labor, etc.
SGQ has huge potential for niobium. Historical drilling has basically only drilled to a depth of 50 meters, and only drilled a small area. SGQ needs further exploration in both depth and breadth, which will greatly increase the amount of SGQ's resources, which will definitely become world-class imo.
SGQ's niobium project is also in Brazil, close to CBMM, with mature infrastructure and cheap labor available, so now is a very good time to accumulate SGQ. I believe large steel mill companies will line up to buy niobium from SGQ. lets see.
Strong Buy IMO.
SGQ's huge Brazilian niobium deposit is likely to be acquired by a large consortium like LRS
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Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $34.83M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.2¢ | $185.4K | 5.610M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 5432596 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 931863 | 4 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| SGQ (ASX) Chart |