STM sunstone metals ltd

Ann: Option Exercise and Appendix 3B, page-3

  1. 11,423 Posts.
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    Good luck Harry (and I mean it) there are plenty of occasions when a perfectly good play went bottoms up - so must happen the other way too.

    I checked out STM this morning from first principles (I'm moving a bit of money into the Youanmi hopefuls, also some into the Alkane nearology plays) and STM looked pretty good to me by comparison.
    Comparing the second Bram hole with the 502m hit ALK made north west of Cadia which added $96 mill to its cap, I just had to say "Shucks!!".

    I can't wait for West Zone and Limon, and news of all the other prospects.

    Here is the ALK vs STM porphyry hits. Take nothing away from the Alkane first hole hit at Boda, but to say it is worth $96 mill and Sunstone's is worth minus $10 mill, just beggars belief.

    https://hotcopper.com.au/data/attachments/1721/1721893-63e46a421a00290417546f9faced1d2b.jpg


    https://hotcopper.com.au/data/attachments/1721/1721905-cfbc3ef985202b8f3465cc783878f1d8.jpg
    Last edited by JandJ: 11/09/19
 
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