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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 May 25, 2020 7:25am
173 Views
Post# 31067842

RE:Week ahead

RE:Week aheadOne thing that is also worth mentioning is that all the options and warrants the management holds are priced at .50 and $1, so they are also still pretty far away from being in the money.
Management are the ones who could benefit the most from a high SP, so in consequence they should have a pretty high intrinsic motivation to keep the present uptrend alive.

I fully agree, we got some very, very interesting time ahead. Probably the most exciting times for the company I ever experienced since buying my first shares of SML.
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