Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by hempsteron May 26, 2020 5:14am
168 Views
Post# 31071731

RE:RE:RE:Week ahead

RE:RE:RE:Week ahead

https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

According to this link the average P/E ratio in the mining sector in the US is currently ca. 40, meaning at  $0.025 EPS a SP of $1.00 would equal the industry average or considered normal / fairly valued. A $0.025 EPS should be achievable for the company in this financial year, as the negative effects by Covic 19 on their earnings might be offset by the Kwena disposition.


Now if we take into account that in the junior mining sector future good news, future expectations and hype may also have significant effects on the share price and amplify trends/ financial and economic developments - we could potentially really reach prices far beyond +$1 should the company manage to deliver some good results in the not so far future.
 

<< Previous
Bullboard Posts
Next >>