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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 Jul 12, 2020 6:11am
107 Views
Post# 31256903

RE:RE:SML's latest numbers

RE:RE:SML's latest numbersI think you are confused.  I think the debt settlement was coal related.  CCML is in an energy and petroleum company.  I don't think CCML has much of a relationship with the diamond miner SML going forward from here.  However, CCML is under CCC which does have some interests in mining.  Maybe CCC will work with SML since there is a common company in CCML between the two.

I don't understand your numbers.  SML is certainly not producing 300000 tons of diamonds...  Are you thinking coal, or do you mean they are processing 300000 tons of rock looking for diamonds?  That seems like a lot...  I'm too new to this to know realistic numbers, but what are you talking about?  (SML is out of the coal business...)

Thanks is advance for your clarification. 

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