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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

Post by sylvain_007on Mar 30, 2022 8:23pm
504 Views
Post# 34561131

They answered to my question, But share value is 0,04

They answered to my question, But share value is 0,04
Thank you for your message.
 
SML publishes quarterly production reports and has so for the past few years. The most recent tender will complete this week for production from February and when that is finished it will be reported as usual for the 2nd quarter report. 
 
The news releases are clear, the company owns a portion of the Oena Mining Licence, and has a contractor who contract mines under terms and conditions which are publicly reported. I am not sure where you come up with the going in circles as the company has been producing, selling and reporting diamond sales for years and that is a path, not a circle. 
 
The company continually works to improve production and improve shareholder value and the COVID pandemic is beyond our control. 
 
Thank you for your email
 
SOUTHSTONE MINERALS LIMITED
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