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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 Aug 01, 2019 2:44pm
117 Views
Post# 29985337

RE:can't wait for next project update

RE:can't wait for next project updateThe Trans Hex Group is far bigger than Tango so they hardly comparable and also the size of their mining operations will differ significantly, meaning Tango will not come even close to produce a similar amount of carats.
What is however interesting is the info about the price per carat: Trans Hex gets $500 carat from their mine, which is 5 times the global average and ca. 3-times what De Beers get from their operations. Since such huge operations do usually also produce lots of very small and cheapish diamonds (which brings the price per carat down), we might assume Tango will also at least reach $500/carat from the production of their mine, if not more (maybe) - though I guess the average price will be still lower than of the Oena diamonds, which are really of superb quality.
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