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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 diegovbson Dec 24, 2017 12:10pm
205 Views
Post# 27223926

RE:RE:RE:Sad

RE:RE:RE:SadThe financial statements ain't that great but it is better than last year. The losses are due acquiring licenses and costs associated with exploration and evaluation activity. I believe they will be in profit with all the upcoming projects, 2018 should be a great year. I guess as soon as they found diamonds and bring cash to the company, big investors will show up and then we will see some movement. Long and strong. GLTA
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Dealroom for high-potential pre-IPO opportunities