Dumped? But why...?, page-13

you need to update your "facts" - read the latest quarterly report and listen to their webcasts then you will know that they are not building the shaft but using a less costly method to access the deeper ore bodies - in any case given the expansion of the life of the mine its just normal costs of operation, just like it costs $$s for cut-backs and clearing top layers to get at ore bodies located in pits, and given the number of ounces the money is spread over for SBM the cost per ounce will mean they remain a low cost operator.

You have previously writted about SBM's crusher in the past but I fail to see the relevance. SBM is working to a plan and they have acknowledged they have spare milling capacity because they ceased sourcing ore from open pit operations. Despite that did ya actually see how much revenue they generated and the profit margin at Gwalia - simply mouth watering. They are getting the planned level of ore from Gwalia, and the big boys have acknowledged SBM's value by added it to the GDX ETF.

One day you are going to learn not to sell out of a winning position way too early, and then you will not keep coming back to the thread to let off your frustrations.

As for what a senior official was supposed to have said a year ago about the share price - he was probably being conservative and in any case things have moved a lot since then - SBM has gone from massive net debt position to cleared by the end of the this year, and progressed Simberi and exited from Gold Ridge and the USD gold price is much higher ($USD200), so old valuations are useless now.

Cheer up - Eshmun has rated our middle tier goldies and has ranked SBM as No.1 , see

http://hotcopper.com.au/threads/asx...matrix.2889471/?post_id=19037313#.V9IMsTUtUdx

loki