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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 POG1200on Mar 26, 2020 8:29pm
169 Views
Post# 30851468

RE:RE:Project update

RE:RE:Project updateAgreed, will be interesting to see where things are at.  Coal is not the thing to be in anymore. Managment knows it.  Lots of reasons for this, including the price-per-ton tanking.  Management is resoved to dispose of the Kwena Group - at any cost... Seems right.

The diamond business looks pretty good... Diamonds could be good going forward from here...  Still might be a greatly-improved annual report from this company coming out next time.

Hope they start to talk just a bit about the compnay's interest in gold, even if it is an exit to what they have - even more of a focus on diamonds...? 

Turning a profit for the first time in a long time while exiting your major interest is not too bad for the managment here.  I think management is doing pretty well adjusting to things - name change and all...  I'm hopeful...










diamonds cold be good goin forward from here.
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