This is a great anns that SFM has already started to drill its Challa North Gold project area.
SFM has an excellent management IMO. Mark Jones was managing ELM (Elemental Minerals) which was a potash explorer 7 years ago, stock went up to $3. The potash was found and we all left when MJ left the management. He is the trustable, hard working and most reliable manager in ASX I have ever come across.
Firstly I must say I was more interested in their Watsons Well Vanadium and Yarrambie Nickel/Copper/Cobalt projects but I wouldn't be able to refuse a gold project as I am buying gold in these days because I think it is the right time to buy gold (I am already in another gold project). The price of gold is at the bottom IMO.
I posted this on gold another gold stock couple of days ago
"Price of gold is going up again after Trump has pulled out of North Korea summit.
Good news for gold ınvestors but bad news for the people.
The North Korea problem is added on top of Iran and Venezuela conflicts of the US. The POG might go very high in coming months .The US has other problems as well, its conflicts with some Middle Eastern countries are getting deeper while it has much deeper conflicts with China and Russia separately.
I don't think there will be a better time buy gold and gold stocks any cheaper than this."
SFM Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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