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 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 Jul 13, 2020 9:40am
130 Views
Post# 31259588

RE:Liberia project?

RE:Liberia project? I think before developing this project, they wanted to get their financials in better shape, which they did with the Kwena Sale and the deal with CCML.
They should be in quite a comfortable position right now and maybe even able to finance the exploration on their own.
However, due to the disruptions of operations during the past few months, it might also be that they first focus on getting the Oena mine properly back on track. Especially since its now their only source of revenue.
Plus Liberia was also shut down for quite a while (like properly shut down, with curfews and everything), so regardless of whether SML had already plans to start exploring their property there, it would have been quite impossible. But since their mining license in Liberia is to expire in autumn 2021, I don't think it won't take any more too long until we hear something about this project - although I would not dare to bet on the outcome of this project.
<< Previous
Bullboard Posts
Next >>