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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 BoardWalk2015on Nov 15, 2019 7:51pm
214 Views
Post# 30359065

What is an Economic Moat? ***

What is an Economic Moat? ***
(A economic advantage in the business world over its competitors)
 
Imagine that a business is like a castle and one of the ways the business can survive attacks is to have a moat around it, the deeper and wider the mout , the less vulnerable the castle will be when it is attacked. 
 
A castle surrounded by a moat is akin to a business that has a competitive advantage that makes it possible to consistently attract and obtain customers , this allows the business to make exceptional profits when times are good and to continue to do so when times are bad.
 
Businesses with economic moats enjoy even greater profits over many of the competitors.
 
Southstone minerials has three thermal coal contracts which process 6.5 million tons in accordance  with International best practices standards for a clientele that include Exxaro **** which has employed more than 300 highly skilled employees for the past 18 years 
 
This Thermal coal is the "moat" of Southstone minerials which allows the company and it's huge international stakeholders* & ** to recover diamonds via Bluedust & ASM Oryx JV and Diamonds & Gold in MANO RIVER PROJECT, Republic of Liberia.
 
* Georges Zard 
 
 
 
 
** Kevin Gallagher a director at Southstone minerials and the Kwena Group.
 
 
 
*** https://www.investopedia.com/ask/answers/05/economicmoat.asp
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