SBL has been consoidating for a while now. It certainly looks to have found the bottom. It sniffed its way back to 0.020 again on a red market today.
Postings have shifted from 'when is the gold pour' to trying to squeeze something hidden out of the QTY and now we talking about QE3 again (an observation, not a complaint, I've been otherwise consumed myself...)
So I thought I'd throw out a quick pop quiz with three items:
1. Why do I care about 26-29 August for SBL?
2. How far off might the manganese results be?
(assuming management have targeted it with previously reported CR funds instead of spending said funds on digging the new mill parts out of a swamp after and accidental flat tyre and an uncontrollable sprint down a hill (I've seen it happen with a boat!).
3. What to do with the manganese given the focus - and the mill - is geared toward gold. Ie, what might the financial benefits be once a manganese resource is shored up? Is it a resource that gets held for years until the company is in a financial position to exploit it? Or divestment?
These are just a couple of things I've been asking myself lately (other than results from gold drilling, which we've pretty much covered in previous posts) ... and I thought regular posters might be prepared to share thoughts and advice while we wait for more news...
Best regards
COLCOM
SBL has been consoidating for a while now. It certainly looks to...
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