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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Energy
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

Southstone Minerals Ltd
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Comment by fortfryon Aug 21, 2016 10:36pm
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Post# 25162933

RE:RE:re;by the way

RE:RE:re;by the way The market cap which just about doubled on Friday is half what lenders are willing to  make available. They would simply would not lend 30 million if they were not confident the asset was worth much more. As bullish as the technicals are they are not the main catalyst of this bull move
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities