Not sure what all the fuss is about. SBL is an out and out value play.
EV of $39M.
Resource of 1.5Moz.
Trading at $26/oz!!!
I'm glad that the price is dropping, because this stock is become better value by the day!
At the end of this quarter, the company will have $2M cash on hand going by the recent quarterly. Capital raising won't be required unless the gold doesn't pour within the next 6 weeks. Plenty of time...
SBL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
