SGQ 0.00% 2.5¢ st george mining limited

Let the drill bit do the talking., page-137

  1. 1,030 Posts.
    lightbulb Created with Sketch. 102
    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.  

         
 
watchlist Created with Sketch. Add SGQ (ASX) to my watchlist
(20min delay)
Last
2.5¢
Change
0.000(0.00%)
Mkt cap ! $32.65M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
SGQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.