OK as a self confessed n00b at this sort of thing I have just complied my first recommendation. Please DYOR and if anyone has any comments then shoot them through.
Sinovus Mining LTD
Silver Miner in China,
125,000,000 shares registered
66% of all shares held by Top 20
Underwritten by Martin Place Securities
As at 3rd quarter report in April 2008
Actual
Spend: $1.6 million to end of 3rd Qtr
Cash On Hand: $6.2 Million
Projected to 4th Qtr
Spend: $1,000,000 on exploration licences
$250,000 mining
Cash on Hand: $5,000,000
Highlights
Prospectus
Xiangguang Ag-Mn project
2 year exploration plan started on 15.01.07
Projected 2800m tunnel exploration
Projected 6110m RC Drilling exploration
Feasibility study to begin end of 2008.
Other:
20 exploration licenses have been applied for
Actual as at last report
Xiangguang Ag-Mn project
Actual 1600m tunnel exploration (57% complete)
Projected 2330m RC Drilling exploration (38% complete)
Based on results to date feasibility study has been brought forward.
Other:
Due to costs only 7/20 exploration licenses have been applied for
Share Price
Affected by OPES sell off
Price on 13/05/08: 10c
Last 3 Month:
High 18.5c Low 8.7c
Last 6 Month:
High 21c Low 8.7c
I see this as a BUY with at least 6 months before a return.
Thoughts
Comments
Suggestions
raBit says hi!
- Forums
- ASX - By Stock
- SNV
- march quartely report
march quartely report, page-2
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries