As opposed to the tired old marda projects, this is what drew the Cub's attention:
"Red Boomerang prospect, where porphyry-hosted mineralisation has been previously identified. This porphyry host demonstrates the potential for large mineralised systems along that trend by analogy with other porphyry-hosted systems in the Yilgarn Craton such as Kanowna Belle. Reconnaissance exploration has been undertaken around the Deception Hill, Red Boomerang and Prindiville prospects, highlighting the potential for blind discoveries along strike from the known porphyry-hosted gold mineralisation at Red Boomerang and Deception. A RAB drilling program will be planned to test the prospective lithologies under soil cover to the south of Red Boomerang."
This, IMO, is a company maker, and is what should have been the focus since the float. I can't understand why they havent been more aggressive exploring this project.
Perhaps shareholders should vote cub and watso to the board? ;-)
SXG Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held