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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 Nov 07, 2019 5:13pm
128 Views
Post# 30324143

New Hope

New HopeI'm a long; been in this stock for a long time and am still hopeful the new CEO, while he doesn't like to communicate with shareholders, has a vision and strategy that just might be working.  I like what has occurred recently, even though he wasn't able to strike a deal to sell the Coal operation.  I agree with a focus on diamonds and then gold once they get the numbers they are seeking from their diamond efforts.  In a couple more months they should have all equipment and personel operating in high gear!  The quality of diamonds is exceptional,  hopefully they can hit the main vain and all of us could be laughing all the way to the bank.
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