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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 rayparon Mar 02, 2018 9:54am
128 Views
Post# 27650765

another interesting report WOW!!!!!

another interesting report WOW!!!!!Read all the transcription in the article, it's very nice.

Monday july 6 2015

Hallgarten & Company Initiating Coverage Christopher Ecclestone Tango Mining (TGV.v) Strategy

https://docplayer.net/36065919-Hallgarten-company-tango-mining-tgv-v-strategy-long-initiating-coverage-christopher-ecclestone.html

Go to the Transcription section at paragraphe 7 and read this carefully:

Past operational inefficiencies at Oena suggest that grade in coarse residue (tailings) and oversize material is available to mine at low cost and is commercially viable. Therefore there are diamonds sitting on a stockpile of over 349,000 tonnes which the management at Tango believes run at grades of over 6 cpht. In addition there are several other stockpiles on the site that the company plans on deploying one of the mobile bulk sample plants to test them.

-------------------------------
If the management is ok for their  6 cpht......!
It's amazing these 349,000 tonne / by 100 = 3490 pht x by 6 cpht = 20 940 carats and if the value per carat, with conservative price, is 800 $/USD =  16 752 000 $/USD  
and if the price of carat is 1 200 $/USD = 25 128 000 $/USD      WOW !!!  WOW!!!
DYODD before buying  share of TGV or any other share.

GLTA

Raypar


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