SGQ st george mining limited

Is it a stretch? Or are we further down the track then you are...

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    Is it a stretch? Or are we further down the track then you are giving us credit.
    Let's look at the runs on the board...
    We have already proven enough resources, at a high enough grades to operate this mine for several decades at this point now, with more being proven every day (metaphorically). So as far as I am concerned quantity and quality are already put to bed, and anything announced from here on in is a bonus. John said we had enough at 40Mt to be viable.
    Flow sheets are being worked on daily (again metaphorically) engaging different companies to provide us with several different options. But what separates us from all the junior miners scratching to perform any testing at all, is that we have money in the bank, so we can drive forward with these kinds of tests / deals.
    Next let's look at infrastructure, the thing you need to operate a refinery. We have recently purchased cleared land to quickly start working on once the permits that are already well under way are finalised. The new larger pilot plant at CEFET is currently underway, and is going to be commissioned and running by Q3 of THIS year.
    The financials are tipped to be very profitable, and should be only months away from announcing something to market.
    So once you look at the broad strokes (and this is not factoring in strong government support, or tax breaks) we are far closer to MP and LYC, than we are to WA1. According to my reckoning, we are well and truly past the halfway point, of your typical junior.
    Last edited by BadWolf65: 09/04/26
 
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