SBM back in the BLACK! finally, tim lehany is building up his credibility and the management is doing a better job this time around. Expansion of the high grade gwalia mine immenent and a possible 2nd operation in leonora.. exciting times ahead i think!
maybe this stock is goin for a run after a total sell off recently?
2 mil something reserve = market value of metal around 2.2 bil
10 mil somethin resource, with more exploration this will be converted into reserves, which will put SBM into a 1st tier gold producer in I say about 3-5 years.
Eventhough their cost of production is still high according to their half yearly , especially in the southern cross project, I guess with time and good management, cost will fall as they start to increase their production in that area.
What do other holders think?
lets get this forum talkin more!
happy trading
Ann: Half Yearly Report and Accounts , page-2
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Last
33.0¢ |
Change
0.030(10.0%) |
Mkt cap ! $289.8M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 33.0¢ | 31.0¢ | $3.066M | 9.625M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 748 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 13078 | 3 |
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| Last trade - 15.59pm 15/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |