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
SGQ Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
