turning point for sbl - start your engine..

Is the turning point for SBL SP volume (interest) today? It is the million dollar question?

I will be patiently watching the buyer's volume carefully starting today and hoping a steady build up, right up to the next couple of weeks before the ASX presentation.

What is around the corner?
1. Production - GOLD GOLD GOLD Oi Oi Oi
2. JORC update. Air core drilling results that lie outside the deposit identified in project area out soon. Kyenyewere area will be interesting, which is the structural target along the Ashanti Shear Zone which hosts the +50Moz Obussi Deposit. Let's hope that there is a big discovery in this area and other green fields.
3. Reported EV/ounce estimates undervalued when compared to other West African Gold explorers.
4. Gold price has some uncertainty right now...but based on articles, trend is upwards for medium and long term. Even at current price, it will translate to a good profit for SBL, based on its low operational cost.

If all the stars lined up, i.e. good JORC results from SBL most importantly, it should not stop its share price to break 3.5 cents stranglehold like cutting soft butter even if it is a blunt knife.

Let's hope for good news right up to 24 Feb ASX investors' presentation.

Quantum46
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