SBR, page-12

Sidewinder, they are better of getting ground thats decent and working it.

Having multiple projects means you need to split your money across more locations versus one area.

Sure it looks nice reading a report, the Co looks bigger than it is, but is it practical?

Fine for bhp, but a tiny company like sbr no.

Just look, these nambian assets and sherlock have been held for years and years at cost. Yet they are not near monetize stages.

The difference at the small end is to be lean and mean.

If this new ground is good, the gold ground, they should work it, if some sucess, try and get surrounding ground and clear off the rest.

Sbr and metals Australia between them have burnt 100m dollars. For what?

For the years and money, sbr should have an operating mine, compared to there peers they are in the bottom 5%.

The problem is they just spend, get paid a wages, then when no money tap the share Holder.

I bet if sbr was private and the money spent was the owners different.

It is not just sbr, many explorers do this, there Generally the sub 10m caps and most eventually vanish when shareholders have had enough.