I've bought a few of these recently - IMO the risk versus reward is looking quite attractive given that SBR's market cap is <$10 million and they have 3 promising plays - Li near Azure's Andover discovery, uranium in the NT and also Ni at Sherlock Bay (albeit Ni is currently out of favour and so far the discovery has been relatively low grade). I also consider Jon Dugdale a good geo (as a geological consultant at TMS he led the team that discovered a significant Cu deposit at Bluebird, also in the NT).
GLTA & DYOR
Ann: Magnetics Defines Li-Pegmatite Targets 5km NE of Andover, page-12
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