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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 POG1200on Jul 12, 2020 6:11am
95 Views
Post# 31256903

RE:RE:SML's latest numbers

RE:RE:SML's latest numbersI think you are confused.  I think the debt settlement was coal related.  CCML is in an energy and petroleum company.  I don't think CCML has much of a relationship with the diamond miner SML going forward from here.  However, CCML is under CCC which does have some interests in mining.  Maybe CCC will work with SML since there is a common company in CCML between the two.

I don't understand your numbers.  SML is certainly not producing 300000 tons of diamonds...  Are you thinking coal, or do you mean they are processing 300000 tons of rock looking for diamonds?  That seems like a lot...  I'm too new to this to know realistic numbers, but what are you talking about?  (SML is out of the coal business...)

Thanks is advance for your clarification. 

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