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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 hempsteron Jul 31, 2019 1:33am
125 Views
Post# 29977910

RE:RE:RE:Big change announced

RE:RE:RE:Big change announced Could not agree more, the diamond mines are so good that it makes sense to purely focus on them. Just look at Oena, the price per carat was $1400 or 14 higher than the global average. And the diamonds at the Angola mine might be also of above average quality, some other nearby mines manage to produce diamonds sold at $500/carat which is still 5 times the global average.
In comparison, De Beers avg price per carat is "only" at $171.

Global average (p4): https://www.bain.com/contentassets/a53a9fa8bf5247a3b7bb0b10561510c2/bain_diamond_report_2018.pdf

De Beers: https://www.idexonline.com/FullArticle?Id=44495
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