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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 Irishpotluckon Mar 28, 2017 10:11pm
148 Views
Post# 26044172

SIMPLE MATH ......DD estimate on coal alone

SIMPLE MATH ......DD estimate on coal alone6.5 million a year production equals 1,625,000 tonnes a quarter........the last quarter of 2016 coal was high 80/90+/tonne.........at the start of 2016 45 and below a tonne......the difference of 40/45 for the last quarter 2016. if we used a conservative number of $20 above first quarter 2016 which is conservative 65 a tonne which is low on todays price. $20 times 1,625,000 equals

32,500,000 dollars...........above first quarter 2016... for a estimate that is a large amount more than 2016 first quarter.

now add a ESTIMATE  on what have they recovered in one quarter of 2017.......we know 260 carats and a big clear diamond rock..........WHAT ELSE HOW BIG AND HOW MANY????

may we receive steady good news this quarter.
GOOD LUCK TO ALL LONGS !!! 
Bullboard Posts