forward moving

The deal with TRY will seal soon.

We will have @ 1.3m oz Au.

What will push the share price up will be securing a debt funding deal for $25m +/-$5m.

Securing this will see SXG like DRM transition from gold explorer to gold producer with cash flows and a low CAPEX and a payback period of 12 months at a gold price of $A1,600.

Longer term plans for SXG is to divest its copper interest.

But given SXG having a market cap of only $20m, could well be a takeover target by RMS.

Other suitors could NST who is looking for acquisitions.