SGQ 5.41% 17.5¢ st george mining limited

Good to see they are doing the environmental studies but for me...

  1. 6,850 Posts.
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    Good to see they are doing the environmental studies but for me the SS is a bit early as we need to have a JORC resource first before anything like size of plant, life of mine etc can be worked out.

    From this I take it the future drilling is going to be more targeted towards resource definition, ie infills of where we have hit the edges, so should start getting some decent hits over the next month or 2.

    Overall it is looking good and personally wouldn't mind another rig or 2 to get a good resource earlier, while the price of nickel is still rising, strike while the iron is hot type thing. Also IMHO it is not a time to worry about the cash being spent on drilling, assaying, metallurgicals, scoping studies etc, it is time to spend the cash and raise more when needed (hopefully well before needed). I'd definitely be stumping up the cash if they did a SPP (now allowed $30k per holder) and the company could easily raise cash after some infill drilling proves up some decent hits.

    There is a lot to like about this project, but again IMHO it is time to accelerate the drilling and we have the targets, then get the initial resource definition sooner than later.
 
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