commissioning of plant, page-25

Capital raisings are short term killers for the share price so important to look beyond the short term at fundamentals here...

Provided they move to production with first gold pour in April then re-rating from here as no brainer...

As always keep it simple with gold plays...

Fact is on EV/oz basis on current share price of 3 cents and JORC est of 1.47m oz, this means SBL is trading on EV/oz of just under 50, ie 47 to be exact.

Now tell me any gold producer that trades on this sort of ratio....just look at other West Africa Gold Producers like ADU who trade on a EV/ox of 150+....so if we just aim for a conservative EV/oz ratio of 100, even that should see sp double shortly after moving to production.

And with further opportunities to expand Au resource base with aggressive drill program the resource base is expected to get closer to their upper bound target of 2.5m oz...or at least 2m oz by end of this year..particularly when you note very little drilling been below 100m and if you follow West Africa gold plays this is where real potential lies....then you have things like the recent managanese discovery...

So in conclusion, lets get that first gold pour happening!