STM 0.00% 0.7¢ sunstone metals ltd

Ann: El Palmar - more outstanding drill intersections, page-212

  1. 10,593 Posts.
    lightbulb Created with Sketch. 6069

    $250/m including assays is probably more accurate for diamond. RC around $100/m

    Your estimates are probably on the high side for drilling costs but that is no big deal. What your table does show though is that a CR would be totally unnecessary UNLESS the work to get to that point demonstrated that we have a major win on our hands and that a seriously accelerated program with more rigs was needed. That would of course also result in a higher share price I expect, perhaps a lot higher.

    That might see a CR at some point in 2022 for an accelerated campaign and I imagine with not too much dilution or discount as investment in the project would be highly sought.


 
watchlist Created with Sketch. Add STM (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $26.96M
Open High Low Value Volume
0.7¢ 0.8¢ 0.7¢ $6.446K 903.0K

Buyers (Bids)

No. Vol. Price($)
24 7763658 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 3611459 3
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
STM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.