You can draw another comparison to CDV if you want. They are recently cashed up with a placement so they have similar cash levels to S2R.
150 million fully diluted cap as an explorer in Ghana Africa. Again very positive results for them recently. Good width and grade on a recent drill result that has set them on fire over the last month. Grades aren't as high as S2R but they have confirmed some very solid width intersections. This is now what S2R need to achieve with cut grades at 4.2 grams per tonne. That would be very nice . I would still target S2R any day over companies positioned in Africa. Much prefer the safety of Australia in terms of sovereign risk. Oh and the fact S2R are still cheaper, are tightly held (Creasy + board, staff and consultants) with 50% is a big plus.
If you can point me out a gold stock with a better recent exploration drill result in Australia I'm all ears.
S2R Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
. I would still target S2R any day over companies positioned in Africa. Much prefer the safety of Australia in terms of sovereign risk. Oh and the fact S2R are still cheaper, are tightly held (Creasy + board, staff and consultants) with 50% is a big plus.
