SBL signature metals limited

just don't get it?

  1. 5,879 Posts.
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    I have spent quite a bit of time working my way over the fundamentals of this company and I just don't get it. I can't see how it can be so cheap. Let me see if I have my facts straight.

    * 1mill tonne JORC resource
    * 13mill cash in the bank (post cap raising)
    * On schedule for production Jan. Targeting 18mill revenue a year from next year.
    * Massive highly prospective resource
    * Ghana stable country for mining
    * GOLD - what more do I need to say there?
    * Management though unproven seem to be doing a good job by all accounts. The proof will be in the pudding if first pour goes to plan

    MCap - 35mill!!

    This is not a ramp. The fundamentals are ramping themselves. As far as I understand it, I am quoting facts.

    Most "penny stocks" like this dream about the days of 18mill revenue a year. SBL are on target to achieve this goal in the next few months.

    The only thing I can see that is causing the low price is a 2c cap raising. I just can't see how this can be so cheap at this late stage of development. Please, if someone thinks there is something we are missing speak up now.

    This is shaping up to be an unloved treasure IMO

 
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Currently unlisted public company.

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