SBL 0.00% 0.1¢ signature metals limited

So we have nearly 4000 oz over 2 quarters, which at a very rough...

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  1. 587 Posts.
    So we have nearly 4000 oz over 2 quarters, which at a very rough estimate would generate $4mil in income plus $5mil from Infiniti share issue.

    We would have about $9mil of revenue over the last 6 months, less the operational and crusher expenditure.

    We should have cash in the bank and be nearly self financing in the next 6 months.

    We are have 50k - 60K ozs in the tailing dam and 24K oz in other stock piles (no mining required, just shovel it into the mill).

    This is over $80mil in value alone(minimum).

    WHY WOULD WE SELL THE COMPANY AT THIS TIME ON THE EVE OF SUCCESS, IT IS BEYOND BELIEF.

    Hold your shares, keep SBL in Australian hands, we only need to vote in a new board.

    PS. If the offer goes over 2 cents cash, I may be tempted.
 
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