up 50% from the issue price, yet turnover has been incredibly light (disclaimer - watso does not look at this stock all that often). also had trouble raising the minimum subscription, and it seems that pol tossed in a bit, to make sure that the company got listed.
anyway, good to see 7000m of drilling on several targets, which they hope will turn up something.. watso has previously commented on the stock (probably under a pol thread), as he did have a look at the prospectus, and from memory, the company could lay claim to about 350,000 oz (under ownership, or option), which is probably not a bad starting point. probably a shame that the deposits that they have, are a bit far from milling facilities, thus the company will be reliant to find enough ore to justify their own milling facilities
watso is a bit long in the tooth, and recalls the "trough wells" nickel prospect, when a company (was it international mining corporation????) chaired by a millie phillips (????) discovered the area of interest - back in about the early 1970's . that particular area now represents a pin cushion (from the extensive drilling), so it will be interesting to see if sxg find any more nickel in the area
SXG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
