STM 0.00% 0.6¢ sunstone metals ltd

Sunstone - the boring company, page-19

  1. 7,788 Posts.
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    A bigger picture, monthly look at STM:

    You can see she had a bit of a run (+500%) back in mid-2016 on the back of the Finish lithium assets. A feature of this move was that it was on small volume and heavily sold into by insiders.

    The SP then traded in a channel between 1.5c-2c, although you can see some vol starting to build from around July, not long after the Ecuador assets were farmed into and the copper price started to rise.

    Now vol is building quite strongly as we push higher through the channel. Today will be the biggest vol since October 2016, and just pip the last 18mill+ day on the 15/09/17.

    As per the quarterly, we should see some more trenching results next week, with the first heli-magnetics images a week or two after that. The magnetics will give a good look at the whole concession, and illuminate any other juicy targets.

    We will be drilling in Q1, hard to know exactly when, but only a matter of time. $5.5mill cash to fund to phase 1 drilling.



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