Sbl made a very important and historic milestone this week by announcing first gold. So what to expect now.
If company can keep its production cost within guidance and with POG looking to head higher with sovereign debt concerns this will give SBL strong cash flow from revenue. ( I will not bore you with figures as other posters have put the numbers up before) Bottom line is brokerage houses will re rate SBL in the future I don't when but it will happen. For example look the like of PEN,SSN,FML, all got re-rated and and had significant upside.
Last but not least as I said in a post early in the week, I was a big critic of management but they have come through and delivered so I will be looking at a re-entry into SBL sometime very soon.
Sbl made a very important and historic milestone this week by...
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