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Southern Cross Gold Consolidated Ltd V.SXGC

Alternate Symbol(s):  MWSND

Southern Cross Gold Consolidated Ltd., formerly Mawson Gold Limited, is engaged in exploring for epizonal gold in the Victorian goldfields. The Company operates three exploration projects: Sunday Creek Project, Redcastle Project, and Mount Isa project. The Sunday Creek Project is a shallow orogenic (or epizonal) Fosterville-style deposit located approximately 60 kilometers (km) north of Melbourne and contained within 16,900 hectares (ha) of both granted exploration licenses and one granted retention license. It owns over 1,054.5 ha of freehold land on Sunday Creek that forms the key portion in and around the main drilled area at the project and the land immediately adjacent to the south. The Redcastle Project is located in central Victoria, approximately 120 km north of Melbourne, 45 km east of Bendigo and about 20 km northeast of Heathcote. The Company holds three granted exploration tenements southeast of Cloncurry totaling 387 square kilometers (km2) and a combined strike of 37 km.


TSXV:SXGC - Post by User

Post by Heywood_Silverson Feb 24, 2021 7:03pm
214 Views
Post# 32654092

Finland project moving along nicely

Finland project moving along nicelyI see that Mawson has started their EIA for their FInland gold project, this is good news as it will further de-risk the project.  Had to pick up some more MAW shares today - the price has sank way too low.  This stock was trading for over 10 times the current price back when gold was $300 an ounce less in 2011.  Plus we have a maiden resource now and additional exploration properties in Australia which we didn't have 10 years ago.

By every metric, MAW has increased enterprise value over the last decade and yet it is trading at fire sale prices?  Oh well, the shrewd ones will pick up shares when they are out of favour.  Time for strong hands to acumulate here.....
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