SSC is mentioned in the second half of the article.
BETWEEN the Australian explorers and the Chinese, there is hardly a country in West Africa that doesn't have geologists crawling all over it.
So it is refreshing to see Sultan Corporation taking a more left field approach.
So far it has grabbed two exploration projects in central Europe and is actively searching out more.
With an educated and low cost workforce, a strong mining history and some very rich but heavily underexplored ground courtesy of decades of communism, it is an approach that could yield some particularly rapid results.
The Monty project lives up to its name, being an already mined zinc, lead, copper and silver deposit in Montenegro.
Picked up for the bargain basement price of just 100,000 euros, Monty could be quickly brought into production once the 9.2 million tonne resource is beefed up with some drilling.
With well understood metallurgy and a very supportive government, the bankable feasibility study is due in the third quarter of next year and production by 2013.
The Bogdan project in Poland has even more potential, being next to a massive copper/silver fault system that helped to turn Poland's version of BHP - KGHM - into an $11 billion colossus.
With only one drill hole in the 42 sq km tenement which showed copper mineralisation but no coal (which is why they stopped drilling!), chief executive Mike Ralston can hardly wait to get the drills turning in January to see what lies beneath.
With a railway and electricity nearby and a plethora of concentrators and smelters, any discovery could turn into cash flow in a reasonable time frame.
A speculative buy on the back of high exploration potential.
SSC Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
