Southstone Minerals Ltd V.SML

News next week?

[MakeMoney2000]

About CCML debt, about the last two quarter, about production at Oena, and about gold properties?

GLTA

Raypar

[onetimer]

news out. good sales, but look at the top 15 diamonds found. 1 was sold for 1/2 million  Oena Diamond Mine, Republic of South Africa Southstone continues to focus and prioritize its efforts on the Oena Diamond Mine. There is currently one mining contractor on site using eight (8) pan plants to process run of mine (“ROM”) material and one Bourevestnik (“BVX”) unit used for diamond

[hempster]

In total these 23 largest diamonds were sold for a combined total of $2million / C$2.7million and some change - while the current market cap is C$1.35 million! This is beyond ridiculous.

[onetimer]

yes, but SMl only gets 30 or 40% of sales. now that the coal division is gone, overhead should lower and we just need a few more big diamonds . also, they were doing there own mining, but that looks like it has not restarted yet. awaiting financials amd MDA to see more

[hempster]

Yep, and in addition to that we don't know when exactly the diamonds were sold - whether this was still in Q3, or if the date of sale was already in Q4? Regardless of that, the next financials should be rather good since they'll include the disposition of Kwena.

[onetimer]

Hi Rereading the press release, it does not say they produced those diamonds in these quarters. i beieve that is a snapshot of the history of the largest diamond produced since SML has owned Oena From PR  The Oena Diamond Mine continues to produce very large and high-quality diamonds as summarized below.

[hempster]

https://southstoneminerals.com/q2-and-q3-2020-operational-update/ Look at the NR, it does indeed say when these diamonds were produced. 588 carats in Q2 and 215 in Q3. Right in the first column of the first table in this NR.

[onetimer]

the 2 spreadsheets are seperated by my quote. This is a historical list Here is from the Q1 update, notice the stones especially 35 K and price per carat This includes the following six special stones: Carats US$/carat Carats US$/carat  35.00 15,285.71 14.640  4,099.52  9.29  5

[hempster]

Oh yes, seems like you're right! Didn't notice this before. That's so misleading!