SRZ 5.26% 1.8¢ stellar resources limited

Brilliant peer review analysis PaullyD. With recent SP slide,...

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  1. 168 Posts.
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    Brilliant peer review analysis PaullyD. With recent SP slide, I've been questioning is this a buy.
    So read back all announcements to as far as I could to see what progress they have made on asset since they held it.
    Went back to 9th Dec 2008.

    Has raised the question. What have they been doing/accomplished the last 13 years?

    They had the asset, similar resource size and grade to current work done.
    Plan back then showed project viable at sub $20k per ton, 2008 Development plan below;
    https://hotcopper.com.au/data/attachments/3984/3984495-1cc626344ffcc7baf00c25fb3461858b.jpg
    Resource at time was based on below resource from work at 2007
    https://hotcopper.com.au/data/attachments/3984/3984500-5bf812fa308b9fbb09e818faccd9bc1d.jpg

    Any long term holders here with compelling reason for lack of development to entice new share holders in?

    Looks like a lifestyle company on surface.
    Am guessing its too deep, structural issues or some issue that makes mining impossible.
 
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1.8¢
Change
-0.001(5.26%)
Mkt cap ! $37.43M
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1.9¢ 1.9¢ 1.8¢ $58.39K 3.085M

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7 1777275 1.8¢
 

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Price($) Vol. No.
1.9¢ 605065 1
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