Big Bounce Coming here.....
Market Cap Just Fell to $500,000 from $6.5 Million in last 30 days for NOTHING !
The Company has 22.8 million shares outstanding and about C$ 0.75 million in the treasury.
Company Now Trades Below Cash Value....Results thus Far have been better than Most Juniors....This is one oversold Junior in a Crazy market
EXTREME VALUE PLAY: Current Maret Cap
.50 M Trades 50% below Cash...
flagship Sancos Project in Peru
The best intercepts are 154 m @ 0.45 g/t gold and 94 m @ 0.47 g/t gold, each starting from surface and ending in mineralization,
That is Very Decent for any Junior. Drill intecepts like that are ones to followed up upon....SBL is doing just Fine and they are Updating the Market regulary. Rare for a Junior. They should be rewarded yet the SP gets pounded thsi Month. Go Figure ! Had to average in and buy a few more....
https://www.sbr-ltd.com/s/Peru_Sancos.asp
The Sancos Project consists of seven contiguous concessions totaling 6,200 ha optioned from Barrick Gold Corporation's Peruvian subsidiary Placer Dome del Peru S.A.C. (the "Barrick Concessions") and two concessions newly staked by Santa Barbara, totaling an additional 2,000 ha.