Keep saying ...to mostly deaf ears .... Asmara resourceS (there's a lot more than just this latest focus ......... this is where the pharoahs were sourcing their gold from) is getting bigger and richer with every move.
Stand alone commercial grades for Au, Ag, Cu, Zn .....except that they got them all together !!!! Shallow, open pittable, open at depth, open on strike etc etc. And the government must think highly enough to have recently "negotiated" a bigger cut ahead of proceedings just to give the smart snoops in here time to get set at RIDICULOUSLY cheap prices(taa)
SBS are freee-carried to feasibility at Asmara.
And what of Lake Victoria JVs ....golden elephant country?
Barrick is excited about poss extensions to its Buyanhulu (is that the way u spell it) multi-million ounce resource ...Anglo -Ashanti is just down the road.
RSG has two separate JVs excited (totalling about 10 mill bucks I think) about adding reserves to its Golden pride producer next door...
....and Currie Rose is just raising money in Canada for intensive drilling at its SBS JV where prelim drilling has come up with 60m hits from surface at 2.75 g/t in OXIDISED ORE .....shades of Thunderbox (?).
And what of ZARA ??? Now thats the one I had been waiting for more than a year ......and I was telling yas this as I was greedily accumulating around 4c when no-one was believing me (u know, like I was likewise with CMR at 20c ....still got those btw ...still very cheap IMO).
Zara is the kinda play u have wet dreams over for mine. If it hits what they are looking for, we will have a ten-bagger in the making ...well its already on that path IMO from the 4c level.
Zara is shallow reef down to around 90m, about 700m strike, and the locals panning from the surface outcrops the visible golden stuff. Well worth waiting for.
Technically, I originally targeted 5.0+ breakout (it did), 6.2 and 7.0 first pauses (its doing) and 9-10 main consolidation (coming up S/T IMO), before assault into major 10-15 trading range where many inc Gerries burnt their fingers in last time in the then prevailing political uncertainties ... so a few dead bodies to clear in this range ahead befor breakout 15+ to confirm its new major uptrend.
Beyond 15 if it does, we have .......22 ......35 targets thereafter ......then out to BLUE skies if we indeed end up in a true gold boom. Thats something I aint yet sure about cos I still believe we "need" an asset deflationary wave (megabear-C for equities) first ahead of the true Kondrtaieff supercycle for gold and resources.
Anyway, means lotsa playthinking ahead later. Lets see if we get the 9-10 and 10-15 first and can re-assess as we go. Thats the ORM ("Olympian Road Map) for SBS in my mind.
My trading MO for this baby is same for ALL emerging Olympians. Core holding locked away and trading stock to reduce the cost of yr core to NIL as we navigate thru the reefs and whirlpools to clear blue waters.
I LOVE this little stock. has an Olympian "feel" to it. Also prob the best leverage to gold / silver / metals on the board for boom cycle.
IMBOOC (In my biased opinion only) I aint no advisor. Been around in the market since the POS days so u gotta say have a little "experience" cos still here. I call it as I see it PROGRESSIVELY cos want lotsa friends enjoing the ride with me as it happens. I play it personally to suit my investment/trading strategies as I call it. Hence my opinion is certainly BIASED. U make yr own decisions as to how / if u wanna play it.
Good luck SBS. Good luck punters.
SBS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
