SGQ 5.00% 2.1¢ st george mining limited

I was wondering the same thing RB, so I did a few sums. Some...

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    I was wondering the same thing RB, so I did a few sums. Some drilling results, and I haven't studied all, have put the average grams of palladium at over 2.5 per tonne. If SGQ were to come up with a productive mine of say 10,000 tonnes PA - like WEA's Flying Fox mine -, that equals 25,000 grams. There are around 28.35 grams per ounce, so there's 882 ounces in 10,000 tonnes. 882 ounces of Palladium at say 13000 per ounce = equals around $1,146000.00.


    So there ya go. A 10,000 tonne PA mine, with an average of 2.5 grams of palladium is nearly 1 and a half million better off at today's palladium prices.


    Thanks Shikari for sharing your research.  

         
 
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