Howdy Stag11,
Yes I agree, they will not wait to the last minute for a CR.
Timing will be important in relation to the next cap raise. A maiden JORC estimate is due this quarter for Stricklands and a scoping study is underway.
If the estimate is viable, the scoping study may, in part, lead to a decision to mine and then WSA will become a contributor to the cost at 25%.
There is no doubt JP wants to fast track Stricklands and a CR will be necessary and if the metrics look good, the SP could be .20c or more at the time of a CR. The alternative might be a JV with WSA increasing its share of E29/638.
SGQ is fast approaching the most significant milestone in its short history.
Cheers
Mulac1
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Last
3.1¢ |
Change
0.002(6.90%) |
Mkt cap ! $31.63M |
Open | High | Low | Value | Volume |
3.0¢ | 3.2¢ | 3.0¢ | $60.23K | 1.958M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 266300 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 927440 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 266300 | 0.030 |
2 | 704598 | 0.029 |
1 | 100000 | 0.028 |
3 | 282592 | 0.027 |
2 | 1653333 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 927440 | 3 |
0.032 | 1044409 | 2 |
0.033 | 371021 | 4 |
0.034 | 1250000 | 2 |
0.035 | 1440626 | 5 |
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