oversold and way undervalued, page-26

suchisLife

about $30m would be a reasonable expectation for the up front capital cost.

it is hard to believe that the company would get 100% debt funding. if the company were to fund the full expenditure, then that would require the issue of 500m shares, at present prices.

certainly a reasonable punt - but hard to get excited.

to the north, there is beacon minerals, who have a high grade deposit - and that company mentions something about looking at toll treating their high grade ore. there would have to have been some talk, between the two companies.

things change .. a year or two ago, the company was talking about some operation at dulcie - which would have been a low cost entry into gold production - that seems to be off the rader - so maybe the economics have changed.

the ground around marda (where the proposed mill, will be built) - is nothing new - the deposits at dollypot, dugite etc, were known, 30 years ago - golden orb, was discovered about 15 years ago.

best of luck to sxg, if they can make a profit on the area - but it is hard to believe, that any profit, that will be made, will make up for the past losses of other companies, that have explored this area