SXG 2.42% $2.96 southern cross gold ltd

Hi Sally - hopefully we will continue to see an uptrend in SP....

  1. 521 Posts.
    Hi Sally - hopefully we will continue to see an uptrend in SP. If reporting goes to schedule we should see the next set of drilling results by the end of the week. I expect that they will continue to support SXGs initial estimates of the resource, and hopefully at the higher end. We should also see the first resource estimate in about a month if things go as planned (and hopefully in the vicinity of 100k oz).

    I think there is much more value in this company than the market recognizes at the moment (hmmm, I seem to be saying that about a lot of my holdings lately!). I think getting some what of a non result at Colreavy took a bit of the wind out of its sails, but I think things will recover once Dulcie gets a little further along.

    I'm not sure the extra value of MIN to SXG, but I'm sure it couldn't hurt. It might help moves things along a bit quicker than before, but I think I recall Tony saying that the approval process will probably be the thing impeding progress.

    TT is a Richmond supporter? I didn't know that. I suspect he is using his talents at picking winning tenements rather than footy.
 
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