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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

Comment by hempsteron Jul 31, 2019 1:33am
111 Views
Post# 29977910

RE:RE:RE:Big change announced

RE:RE:RE:Big change announced Could not agree more, the diamond mines are so good that it makes sense to purely focus on them. Just look at Oena, the price per carat was $1400 or 14 higher than the global average. And the diamonds at the Angola mine might be also of above average quality, some other nearby mines manage to produce diamonds sold at $500/carat which is still 5 times the global average.
In comparison, De Beers avg price per carat is "only" at $171.

Global average (p4): https://www.bain.com/contentassets/a53a9fa8bf5247a3b7bb0b10561510c2/bain_diamond_report_2018.pdf

De Beers: https://www.idexonline.com/FullArticle?Id=44495
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