The answer is clear and simple, once we have removed more exploration risk out of Toggenberg; monetise Border/Toggenberg by either (i) a farm in JV, or (ii) obtain a deffered equity sale (at a comensurate SP) to a smelter / zinc trader like Nyrstar/Glencore whom can provide initial funding to get both these moving towards production. My understanding is that there has been interest from such parties, and if Toggenberg proves up and we move to a 50mt to 100mt Zinc/Lead Pavian Trend, then strong interest should follow...But I assume the directors at SBR need to do their house cleaning first in regards to improving the Corp Governance...
The movement away from drilling focussed purely on the Guchab High Country, to a more regional view, was something that MP pulled off very well with initial success in areas like Guchab South (Geochem drilling)....It is a shame he didn't get his way a year ago...or earlier....
Without getting too ahead of ourselves, Toggenberg seems like it has the goods, all early signs is that it is significantly larger and potential higher concentration than Border, but if we are placing a very conservative view and suggest it is another Border; than having over 32mT of Zinc/Lead ore on the Pavian Trend that is open pittable and is amenable to low cost benefication is certainly nothing to be scoffed at....
Time will tell, regards,
Sutto
SBR Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
