new projects

Let's have a reality check. There was a capital raising at 2c, and options granted to new directors (who I agree are very good) at 1.5c. The focus for the new mgt team is to acquire quality resources projects, which in time I believe they will.

But as we sit today, this company has a squillion shares and options (in the money), and no projects to speak of or close to aquisition. In my view the SP should be closer to 2c than 4c.

I'm happy to invest in SBL (again) in the future when the facts catch up to the fiction. Good luck.