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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 jngolferon Oct 31, 2019 3:01pm
93 Views
Post# 30293526

thinking outside the box

thinking outside the boxIt seems to me the carat price is unusually high, which is great!  I would think it would raise someones attentiion that Southstone should be an easy acquisition at this point!  Quality diamonds like what we have been producing would surely be in high demand in the upper end jewelry trade! Just saying!!  I'm certainly not an expert in the diamond business, however, this level quality is not being found in great numbers around the world!
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