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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The Company holds a 43% interest in the Oena Diamond Mine (Oena), which is located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is a producing alluvial diamond property. Oena is approximately 8,800 hectares in size and covers a 4.8 kilometers (kms) wide strip along a 15 kms length of the lower Orange River. The property has two separate and distinctly different aged diamondiferous bearing paleochannel gravels: Proto-terraces and Meso-terraces. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Bullboard Posts
Post by rayparon Aug 20, 2016 1:37pm
198 Views
Post# 25161171

Coming soon news news Big news!!!!!

Coming soon news news Big news!!!!!The private placement of 3 million dollard CAD will be used to pay debts and working capital. What is interesting with a share price at .10 cent and more TGV will able to accelerated the purchase of Warrants and receive six million dollard fairly quickly once funding is completed. A news release soon about that I hope in early in the next week.

Don't forget TGV receive 1 USD million dollard for first payment ( two other  1 USD millions payment come later this year) for the sales of Oena Diamond project. A news release soon about that I hope in early in the next week because the first payment is normally pay at 18 August.

I continue to believe that the loan of 30 million USD will come from Vanderbilt and will be announced during the next week I guess thursday with a Halt and reopen friday. IMHO
My target price is .35 cent and more with a huge volume when the acquisition was complete.

BK11 diamond mine is a big deal. Mining license, process facility, open pit. Firestone spend

Historic Capitalized Development Costs to Date:
(2012–US$45m)
Pit development US$24m & plant establishment US$21m

GLTA Raypar


Bullboard Posts