TSXV:SML - Post Discussion
Post by
hempster on Jan 28, 2021 5:31pm
Shareholders meeting
Southstone has announced the date of this years shareholders meeting: https://sedar.com/GetFile.do?lang=EN&docClass=16&issuerNo=00031079&issuerType=03&projectNo=03165049&docId=4875661 We got a busy few weeks ahead: Q1 financials either end of this or next month, mid March we will get the Q2 Operational Update, April 1 will be the meeting, end of April we should get the Q2 financials.
All in all it looks like this could become a very productive year for SML, especially once they manage to expand the operations of their JV.
Here is a short comparison of the Q1 Oena and JV production numbers. Keep in mind that the JV started its operations only mid Q1 and has much less equipment on site than Bluedust has at Oena mine:
Oena
ROM: 129100to
Yield: 744.5c
Carats/100to: 0.5995
Avg $/c: 1623 $
Revenue/100to: 973
Joint Venture
ROM: 6035to
Yield: 88.72c
Carats/100to: 1.470
Avg $/c: 425 $
Revenue/100to: 625
Once the JV is working at 100% capacity, it might be a real cash cow - also bc SML's share of profits is way higher than what they get from Oena mine.
Be the first to comment on this post