At this point, SGI is worth considerably more than it's market...

At this point, SGI is worth considerably more than it's market cap, even in receivership.

The mining fleet is worth A$50 million, and is easily transportable. SGI's option to buy 40% of Marymia for A$2.7 million is worth around A$24 million, net. Beyond that, there's the newly-refurbished 1.8 MTPa mill, the second mill, Plutonic UG, and the lodging and other infrastructure including NG-fired generation plant with NG contract. Plus whatever the business has earned in Q1. Minuses include the A$10 gold loan, and whatever has been drawn in the A$5 credit line.

I realize CYL/Vango's Chinese money guys want SGI as cheaply as they can get it, and I"m no stranger to the games that are common with thinly-traded gold mining stocks. But with the gold price jump, and finally justice being done with regard to Vango's breech of contract, the 'floor' in SG's value has gone substantially above the market cap, regardless of how many games they play with the share price.

All IMO, DYODD