STM 9.09% 1.2¢ sunstone metals ltd

Ann: Change in substantial holding, page-13

  1. 3,445 Posts.
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    Thx for sharing K

    SolGold is far more advanced and near term. Articulates how bankable SolGold is. (JORC and Pre Feasibility concluded) STM now need to show the road to bankability moving forward. IMO part of why the market is on hold. STM need to provide drill results, get the resources touching 5mlozeq or better and JORC.

    Not sure whether trenching and deriving an estimate through surface works is bankable and I would think any Industry Provider or the Ecuadorian Gov will reciprocate until some JORCed complianced results are provided.

    There is huge potential with STM's leases and I hope
    there is a backer willing to fund the development through the JORC and Study phase soon.

    Definitely shows the interest in Ecuador Gold mines and there is capital available to fund developing explorers that are ticking boxes.
    Very positive and this development could present opportunities.
    Thx again K

 
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