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email response from bill, page-5

  1. marcs
    128 Posts.
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    28/06/11
    22:19
    Post #: 8600493
    I'm new to SBL

    In Feb 2010 the EV/resource oz was less than $20 making it appear very, VERY cheap next to the industry average of $107. the sp was 2.6 cents. Then they issued an announcment confirming a resource of 1.2m oz (below) Now sp is 1.7 cents

    Could someone explain why the company has been significantly devalued by the market?

    Thankyou.

    SBL Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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