Sidewinder, just work out the qtrly admin expenses and what the directors get paid across the companies.
Then look at inter company transactions.
They could not care if the company suceeds or not because they are lifestyle companies.
Sherlock bay for example was discovered in the 1970s and we have had high commodity prices before.
Also feasability was done years ago, so it's not hard to redo with highercomoditiy prices and wages, fuel etc to know its worth.
See the pennywest ground did not furnish a result, so they fill it in by talking up another project.
Proof exists over the last 5 to 7 years of it. Read the quarterlies and annual reports.
Some big companies have held that were there chump change is sbrs cap size and none progressed it.
Also the resources have not altered for years, why?
Same on Namibia, they have had that for years also.
They raise, pay themselves, do a bit of exploration , shift project, talk up, raise and repeat..
Now they have ground near pennywest, good ground and they have shifted focus again.
This ground for starters if they were serious would have Airborne magnetics done, followed by grab soil samples and XRF.
Beacon resources hot a good assay on the Beacon lease and did not follow it up. This is what spectrum did and found pennywest.
Sbr needs to follow up, versus shifting focus.
This company is run by accountants, and what is an accountants job?
It is to maximus books, not hold deposits.
The only way sbr will mine is if they get a mine engineer or Geologist on the board.
Once this money is spent, no return and they ask you for money you may realise why sbr exists.
The only way to get a result is group up proxies and vote out the board and get a geo running it.
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