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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 Feb 05, 2020 11:32am
153 Views
Post# 30646113

RE:Average cost.

RE:Average cost.
The Price/Sales ratio of SML is currently at 0.0625, which is simply ridiculously cheap and makes the stock a huge buy. Average P/S for stocks in the mining sector is 1.6 and for stocks in general 2.1!
Meaning SML could easily go to $1,5+ and the stock would not yet be overvalued, not even thinking about what might happen should they post some really good profits in the next quaters.
Regardless of that, last quater their profit was already 1/3 of their current market cap, it is just a matter of time until this thing pops. Then again, who knows when this will be?


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