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why is sbl ev/oz soo low?

  1. sakestler08
    167 Posts.
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    22/04/11
    16:49
    Post #: 8306532
    Im sure we have all read the annoucements stating the ev/oz values.

    At present the Mkt Cap is approx 60m and with 1.47M oz Jorc gives an Ev/Oz of approx $40 an oz.

    Why is this soo low compared to its piers? I am not a mining expert but is it something to do with the actual recoverable deposits?

    SBL Price at posting: 2.8¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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