Fundamentally: SBS appears fundamentally backed with the market...

Fundamentally: SBS appears fundamentally backed with the market valuing SBS`s JORC compliant resource containing 760,000 oz of gold at less than $20 million AUD. This is not allowing the chance for SBS to increase this figure with a share in a total 5 million oz deposit(additional 4.45 million oz resource estimate for the Tusker gold deposit)! Now that is value and this stock is too cheap!

Technically: I see the chance of viewing SBS through three bullish technical setups. Each compliments the other. The first is a two year setup, the second a four year setup and the final is an eight year setup.

1). The shorter cycle two year setup can be viewed through the eyes of a bullish rising pennant formation. Resistance comes in at approx. the 12c mark with a solid two year base forming. There have been a few false starts here.







2). The second larger cycle setup is viewed as a 4 year flag pennant. Resistance is also coming in around the 12c mark. This is a powerful and compelling setup and indicates a big move north if that resistance is taken out, complimented by the shorter bullish cycle setup of #1.







3). The third is an eight year pennant. An extremely large cycle setup with the only major resistance in the 20-30c range. It is complimented by both #1 and #2 setups! A move through resistance here would certainly trigger an aggressive move north!







Only time will tell if these setups can provide momentum or not! With the fundamentals backing this stock, upside risk sees to outweigh downside risk at this point in time going forward!

Trade safe!