STM 14.3% 0.8¢ sunstone metals ltd

All exploration companies spend money and need to replenish the...

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  1. 10,599 Posts.
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    All exploration companies spend money and need to replenish the coffers periodically. Those that don't go belly up.
    What differentiates Sunstone is that they have consistently shown they know how to be both good geologists and good money managers, unlike some others on the market. There is one report out this morning that the market cap on Bramaderos, just based on ounces in ground, should be at least double current share price ( read to the bottom https://www.resourcesrisingstars.com.au/news-article/short-delay-storm-chalice-which-should-not-deter-true-believers)

    Sunstone have an exploration target, that will IMO grow considerably as well as two other projects in the north. El Palmar in the north already looks like it will be commercial though a bit more drilling required there to confirm.

    The other point to keep in mind about expenditure is that the past 6 months has been higher spend due to the scoping studies and metallurgical studies being done. We go back to straight drilling expenses for a while now and they also have greater insight into where to put the drill bit to maximise those dollars. I hold a considerable parcel and am very comfortable with that investment, even if we may have a rough period ahead with the macro. They have more than enough to see themselves through to better results and a higher market valuation IMO.
 
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0.8¢
Change
0.001(14.3%)
Mkt cap ! $41.19M
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0.7¢ 0.8¢ 0.7¢ $20.03K 2.687M

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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
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