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2.5¢ st george mining limited

What will happen next???, page-82

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seanl

6,272 Posts.

494

19/12/19

19:40

Post #: 42058051
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Originally posted by BobbyMorane: ↑

I'd rather have them try to drill Fish Hook and West End before defining a resource, even if just for a (relatively) shallow maiden drill program.
Considering the high hit rate in the belt so far, not drilling a few targeted holes would be a huge missed opportunity.

Finding sulphides in these locations would reinforce the size of the mineral system. Fish hook especially would be close to doubling the strike lenght, and the eastern 5km would be owned 100% by SGQ against 75% for the rest of the belt.

Plenty of upside potential here.

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There is no harm in announcing a resource and continuing with a drilling program. Each hit from then onwards will be even more price sensetive and we can watch the bidding war commence.

SGQ Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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