sbs is not a gold play its a zinc play and thats why sgc and...

sbs is not a gold play its a zinc play and thats why sgc and lundin want asmara. company secretary also confirms that the zinc at asmara is huge and resource is open at strike and depth. it is a world class zinc mine in its own right. then there's a bit of gold and sorry copper. i can not believe people are selling their shares under 10cents. sgc will have to pay at least 10cents a share for sbs's 48% stake. 10c is extremely conservative in this current boom enviroment. imo it will be closer to 20cents per share. imo everyone who holds will be stunned when they see the valuation. the current placement only helps sbs as they will now have 8million and can play hard ball with sgc. if they have to the can fund exploration themselves and retain higher % of deposit

bloomberg news from last night

In London BHP Billiton and Rio Tinto Plc improved as copper and
zinc prices rose to record levels. ING Wholesale Banking raised forecasts
for zinc, copper and aluminum, saying prices will continue to benefit
from global economic growth, especially in Asia and Russia.