Bullboard - Stock Discussion Forum Southstone Minerals Ltd V.SML

Alternate Symbol(s): FDGMF

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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... see more

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Southstone Minerals Ltd > Tango will

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Post by Makemoremoney on Jul 23, 2019 9:22am

Tango will

Definitely go up ! With a market cap of 3,5 million for sur it worth more !! Time to accumulate .. only a matter of time until everyone wants to buy

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Comment by onetimer on Jul 23, 2019 11:11am

rough calculation Bluedust will provide Tango with about $128000 US and oryx about $90000 US for the 2 months period ended july 7 with all expenses covered before oryx gets paid and bluedust is covering expenses. That is 1.46 million US if it stays the same for the year.. That should be enough to cover overhead, pay some debt down and have some left over for new projects that are in the ...more

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Comment by hempster on Jul 23, 2019 1:37pm

What shouldn't be forgotten either is that Tango's Angola project is also about to start contributing to revenue. Last quater they had already started trial mining, so if everything went well it might be already running full-time now. Tango will recieve 60% of the proceeds from that mine in Angola but is also responsible for production costs if i recall correctly.

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Southstone Minerals Ltd