Sama Resources Inc V.SME

Alternate Symbol(s): SAMMF

Metals & Mining Industrial Metals & Minerals

Sama Resources Inc. is a Canada-based resource company. The Company is focused on exploring the Samapleu nickel-copper project in Cote d’Ivoire, West Africa. The Company’s projects are located approximately 600 kilometers (km) northwest of Abidjan in Cote d’Ivoire and are flanked to the west by the Ivorian and Guinean borders. Its projects are located adjacent to the nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125 km-long new Base Metal Camp in West Africa. Its property includes Samapleu Property, Zeregouine property, Grata Property, and Zoupleu Property. Its Grata Property is located adjacent to the north-eastern boundary of the Samapleu Property. Its Grata Property covers 92 square kilometers of property in Cote d’Ivoire. The Company's subsidiaries include Sama Nickel Corporation, Sama Nickel Cote d’Ivoire SARL, Societe Miniere du Tonkpi SARL, SRQ Resources Inc., Sama Resources Development Inc., and Sama Resources Liberia Inc.

TSXV:SME - Post by User

Sama Resources Inc

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Comment by fundamentalinvestoron Nov 21, 2017 8:20am

173 Views

Post# 27001852

RE:RE:RE:Value

I think I look at in a similar view:

SRE owns 44% of SRG = .44 * 70M = $30.8M
It has the following catalyst coming up:
·      Preliminary Economic Assessment due in Q4

SME has a market cap of $41M

Making SME 's projects worth (41-31) $9M.
If their upcoming catalyst of the following shows anything promising at all – this should quickly escalate a $9M market cap if it is anywhere near expectations.
·      Q4 2017: NI 43-101 compliant technical report
·      Q4 2017: Deep drilling program (~1,500m) to test targets

If SRG does well it should support the stock. If it doesn’t and SME had a strong resource update – it should do fine.

I believe it will get additional exposure in December for sure.

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