SBS has mostly slipped because their holding in Sunridge Gold Corp has halved in value over the past few months (from $3.00 to $1.50C per share) due to the market weakness and the lengthy delays in the release of the feasability study for the Asmara project (Sunridges only project). This has written something like $15m off the current value of SBS. Certainly accounts for all the difference between the high of 11.5C and todays price, plus a little more. It will all be added on when Sunridge come up with the goods (Late nov is latest estimate). All indications from Sunridge are positive with delays mostly caused by the emerging nature of Emba Derho higher grade resource, something that is a real bonus to the position a year ago when the feasability was started but would really change the overall processing plant to be developed, locations of the equipment etc...I'm excited but it is a long-term buy and hold as far as value goes at current prices. Not a spec stock as value will skyrocket only when mining starts.
SBS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
