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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

Comment by onetimeron Jun 22, 2019 10:33am
123 Views
Post# 29852396

RE:RE:RE:We need rebounce from the Venture Exchange

RE:RE:RE:We need rebounce from the Venture Exchangei hope tucker is gone as well. By the way, tango does not own the mines, they have the contract to run the processing plants  and are reliant on the mines fo ore to create free cashflow to cover corpotate overhead. My review of finnacials says they maybe break even on those contracts. when they come up for renewal, they should renogiate a better deal than tucker got. the mines keep falling short of production every quarter

They used to have 4 contracts, but now only 3
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