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Southstone Minerals Ltd FDGMF


Primary Symbol: V.SML

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 Nov 07, 2019 5:13pm
143 Views
Post# 30324143

New Hope

New HopeI'm a long; been in this stock for a long time and am still hopeful the new CEO, while he doesn't like to communicate with shareholders, has a vision and strategy that just might be working.  I like what has occurred recently, even though he wasn't able to strike a deal to sell the Coal operation.  I agree with a focus on diamonds and then gold once they get the numbers they are seeking from their diamond efforts.  In a couple more months they should have all equipment and personel operating in high gear!  The quality of diamonds is exceptional,  hopefully they can hit the main vain and all of us could be laughing all the way to the bank.
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