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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower Orange River. Oena, a producing alluvial diamond property, is located within an alluvial diamond mining province about 50 km upstream of Namdeb’s Auchas and Daberas alluvial diamond mines, located on the Namibian or north bank of the Orange River, and about 15 km and 60 km upstream of Trans Hex’s Reuning and Baken alluvial diamond mines. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited, and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Post by sylvain_007on Mar 30, 2022 8:23pm
441 Views
Post# 34561131

They answered to my question, But share value is 0,04

They answered to my question, But share value is 0,04
Thank you for your message.
 
SML publishes quarterly production reports and has so for the past few years. The most recent tender will complete this week for production from February and when that is finished it will be reported as usual for the 2nd quarter report. 
 
The news releases are clear, the company owns a portion of the Oena Mining Licence, and has a contractor who contract mines under terms and conditions which are publicly reported. I am not sure where you come up with the going in circles as the company has been producing, selling and reporting diamond sales for years and that is a path, not a circle. 
 
The company continually works to improve production and improve shareholder value and the COVID pandemic is beyond our control. 
 
Thank you for your email
 
SOUTHSTONE MINERALS LIMITED
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