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clock Created with Sketch. 04/05/16
13:14
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Originally posted by Gold Bunny
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ST GEORGE VS THE DRAGON Round 1 - St George discovers narrow high grade Nickel-Copper-PGE±Cobalt mineralisation associated with ENE trending shear zones associated with a large gravity structure in two out of three holesRound 2 - St George discovers further narrow and high grade mineralisation, albeit not as intense overall as the initial set of resultsRound 3 - St George discovers makes a broad moderate to high grade intercept at Stricklands, the first glimpse of a potential major systemRound 4 - A mixed bag of results including further high grade intercepts and a few dudsRound 5 - A world class Ni-Cu intersection on what is interpreted to be a potentially large discrete orebodyRound 6 - Very broad low grade gold intercept in drilling at Ascalon in the first hole, 237m @ 1.04g/t Au – concept confirmed, furthers holes planned for testing Round 7 - Major capital raising announced - $65M raised at $1.25. WSA becomes a major shareholder in SGQRound 8 - Readjustment of the program at Mount Alexander – now two rigs: one focussed on continuing to drill the EM anomalies and newly generated conceptual targets, while the second rig starts to drill out from the best intersections at Stricklands and InvestigatorsRound 9 - Globally significant Ni-Cu resource at Mount Alexander Preliminary metallurgical and development studies commence. Concept study for mineability to commence, undertaken by top tier independent consultancyRound 10 - Further new high grade and narrow discoveries, and a second larger system discovered in the western portion of the New Target Area. Coincides with a major base metal price surge on the back of falling stocks, project impairments and the unexpected rise in demand from a number of SE Asian countriesRound 11 - Now 5 rigs on double shift. 3 drilling out Ni resources, one on remaining testing further Ni targets, one rig out drilling deep holes at Ascalon which has now produced both broader low grade intersections (544m @ 1.32g/t Au) and a few nice higher grade hits on one of the margins of the system (including a ripper 23m @ 32g/t Au).Round 12 - Preliminary Feasibility Study commencesRound 13 - Market Cap now sitting pretty over $1.25B. SGQ successfully wards of passive takeover/merger wish of WSA – the multi-commodity focus allows SGQ to retain its own identity. Round 14 - SGQ also out in the Musgraves discovering Ni and Cu, and makes a bold move into the Gawler Craton.Round 15 - The George hath slayeth the Dragon.Hopefully it all plays out even remotely like this.
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Gold! Going to print this out and hang in the office as reminder when the going gets iffy at times. As it surely will.$65M raised at $1.25 - imagine this price is largely a result of Round 5 discovery. Have you an approx. time-frame for this event? A matter of months, maybe?
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