S2R 1.23% 8.0¢ s2 resources ltd

Ann: S2 Resources 2017 AGM Presentation, page-10

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  1. 41 Posts.
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    I would also just like to add that their project in Finland is close to Aurion Resources, Risti project that was trading at 17 cents last May before their new discovery sent the price almost 20 fold in the past 18 months. The stock went up more than 10 times in value just on surface/ near surface gold being found before any drilling was done. Gungnir Resources a neigbour of Aurion Resources has seen its share price go up by 4 times in the last few months. I understand this is the richest Gold area in Europe ( correct me if I am wrong). Bloody long winters though. So I can understand why they are interested in their Finnish project. Fingers crossed, it could be a very lucrative venture.
    Their foray into Nevada could also be company maker. However they need to get some success fairly quickly on one of the projects so that shareholders remain positive. Their cash burn rate is fairly large for the results achieved so far, but to be fair they have had to start from scratch after Polar Bear which takes some time before drilling can commence.
    I can understand Stormynormys concerns and agree that being spread out all over the globe is a negative in some ways. but one thing the company does have at this stage is plenty of money. It needs to be spent wisely.
    So for me I think the venture in Finland should be S2R's priority at this stage.
    Hopefully something can be salvaged out of Polar Bear and in the mean time it is kept.
    Also on another note the company might like to drop a few more updates to keep us shareholders in the know.
 
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