After discussion with management, i feel very re-assured that...

After discussion with management, i feel very re-assured that SBL will not be raising capital any time soon. In fact i have been informed that there is absolutely no need.

Just to be clear, SBL's last quarterly did not include funds generated by the rights issue...so that is approx. another $6mill in the bank.

As of May, SBL had $14 mill in the bank and since then we have commenced Gold production.

This is unbelievably under-valued.

--> Gold producer with an EV/oz of less than $30
--> Market cap of only $40mill with ard $12mill in the bank
--> Functioning Plant
--> Drilling occurring as we speak to expand resource
--> 2 drill results due any time now
--> A significant Manganese resource on the side
--> Matt Wood has put his money where his mouth is and has almost 50 million shares.

This stock is where it is purely because of the overall markets. When sentiment changes, SBL will approach 10c.