Hi Oz, M/C $2.7M for SP .001. The vol only cost $26,000. Someone in the know would think the Ghana mine might make a good cash profit out of the 1M tonnes of tailings over 3 years. Plus the gold resources are looking up. If Lion Gold are in big trouble, then perhaps they are fattening up SBL for sale. I've lost all my clothes on this thing - not just my shirt, but still have the shares. The half yearly said they were relying on the $50M facility from LG to keep exploring. LG are probably looking for $50M as a min sell to get their unsecured loan funds to date back out of SBL, along with the rest of us. I can't remember what they paid for their 75% of SBL, but the present plans seem to be pointed at going ahead with a proper valuation & work plan. Was 3g/tonne mentioned for the tailings? That might yield 100,000 oz, but I don't know how that cake was to be divided between the parties. If SBL could clear $100/oz, that's $10M over 3 years. $500M might give us mugs something. Thanks Woods. I haven't got a clue - just rushed ramblings, Cheers, Japes.
SBL Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
