SBM 4.55% 31.5¢ st barbara limited

Ann: Fifteen Mile Stream Project Update, page-10

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  1. nk
    3,116 Posts.
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    MJ read the announcement which clearly states that they are abandoning the Touquoy project and Beaver Dam in favour of permitting a much simpler and doable FMS standalone project with four open pits, a very low strip ratio and far less enviromental disturbance.

    I was a shareholder in Atlantic Gold when it was taken over and now I get to reinvest in the project for free since the stock is trading at less than cash backing.

    As i said before, the problem in Canada is the regulators and local community with this project. The project is very robust due to the low strip ratio.
 
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