Ann: Konongo JORC Resource Increased to 1.47 Mill, page-34

re: Ann: Konongo JORC Resource Increased to 1... Good announcement and showing the EV / Resource Oz is clever. If only a decent chunk of SBL's JORC was in the 'measured' category. Hopefully this will change soon. If we do get some 'measured' resource around the time or soon after the first gold pour you'll see a real multi-bagger.

The relatively high cost per oz for production ($500 700) probably reflects the poor grades and the small scale of the plant. The real value though is that the tailings and recommissioned plant will provide initial cash flow to help fund a future bigger and maybe greenfield operation.

My other wishes for SBL are that they complete and fulfill all the terms of the purchase of the company from Mwawa Africa and undertake a capital restructure to get us out of the penny dreadful territory.