Sphinx Resources Ltd V.SFX.H

Possible news coming soon

[Barlow]

Recent drilling indicates zinc at shallow depth.  Thus the next program wil cost less per hole with quicker results.  The company needs a financing to proceed.  So a higher share price is good for that.  There's rumours that the company will soon spin off their gold properties.  If true present owners will receive shares in the Newco.  News of this will likely move the share price up.  This could be corporate strategy at this point in advance of a financing at the hoped for higher share price.  As the excellent programs to date have narrowed drilling targets significantly the next round of drilling should yield much higher grades.  I don't think they have intersected the highest grades yet. With the expertise in this team and a recent history of production they would not proceed unless the probability of production was in view. The price of zinc has doubled over the past year while consumption is rising, reserves are depleted and production has fallen globally.  Everything looks positive at this point.