GREY:SMBZF - Post by User
Comment by
Atonon Oct 29, 2017 9:05am
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Post# 26873106
RE:From MD&A
RE:From MD&ACan be an interesting week ahead. Absolutny nothing is baked in to the share price but Simba leaving Kenya and go for the other blocks at this SP of 4 cents. But as we can read from earlier analysis only "the string of pears" could hold 500 million.. so lets see what the report will show. I see nothing but a rally if SimbaEssel go for a drill.
MD&A
The results of the interpretation are expected to be released in October 2017.
Old valuation pre Essel .. based on CPR Sproule " valuations range from C$0.17-1.40/share, even taking into account a 44% share dilution we assume in the coming months.
Old Sproule:
"Simba published a competent person’s report (CPR) by Sproule in June 2012. The report placed gross unrisked resources at 445mmbbl and risked prospective resources at 27mmbbl, implying a 6% chance of success. "