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"internally generated a project" Sounds like they are preparing...

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Simanduz

417 Posts.

5

03/08/18

14:51

Post #: 34710190
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Originally posted by drifta ↑

SER
A possible little gem in the making and possible several bags? A number of promising projects.
EV $2 Mi, $1.75 Mi in the bank and cash burn of $300k per quarter.
BUT here is the underlying strength , they announced in the quarter-
"During the quarter, SER evaluated a number of additional opportunities in mineral exploration. SER has also internally generated a significant new mineral exploration project which we intend to announce next quarter."
They have previously sought and investigated projects in the Battery sector.

Of further interest-
"During the quarter, SER defined a significant increase to the JORC 2012 Inferred Mineral Resource at Ambergate for an updated total of 11.2Mt grading 5.1% Heavy Minerals for a total Heavy Mineral content of 569,000t"
drifta

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"internally generated a project"

Sounds like they are preparing a turd..

Market stinks at the moment
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