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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

Post by jngolferon Oct 31, 2019 3:01pm
105 Views
Post# 30293526

thinking outside the box

thinking outside the boxIt seems to me the carat price is unusually high, which is great!  I would think it would raise someones attentiion that Southstone should be an easy acquisition at this point!  Quality diamonds like what we have been producing would surely be in high demand in the upper end jewelry trade! Just saying!!  I'm certainly not an expert in the diamond business, however, this level quality is not being found in great numbers around the world!
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