SVM 4.24% 79.0¢ sovereign metals limited

Whoa back there @Banksy. 2 months into a defining year and...

  1. 1,309 Posts.
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    Whoa back there @Banksy.

    2 months into a defining year and things are tracking nicely.
    More infill drilling and southern extension results soon and the new mines and minerals bill that will be on favourable terms or quite simply Malawi will not develop a mining industry and the benefits that go with that big dollar - investment - infrastructure - employment - skills and so on industry.
    Majority of the bill centres around the corruption. Environmental concerns - taxes and royalties are in place accordingly to international guidelines.

    In the meantime graphite prices are on the up - the resource in ground (large/jumbo high quality) on the up through sssay results - quality management team will all lead to a quality bankable feasibility study completed at years end with the serious possibility of mou re off take agreements but that won't occur until new mines bill implemented and clarity is there for all parties.

    $1 a share - maybe in a few years when they ramp up tonnages and open other deposits but one step at a time for now.
 
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