great news for sbs , page-3

Good post from ShareSscene.

A few days ago Nevsun announces the final mining agreement had been signed with Eritrea, finalising all issues relating to the Government/Nevsun partnership in developing the Bisha resource. All we are waiting for now is the mining licence that should only be days away. Given that Eritrea paid US60Mill to buy the 30% interest in the project and that Nevsun already have raised an additional US15mill, the project financing is well on the way to being sorted and on ground work could start as soon as the licence is ussued. This should give a huge boost to confidence to other mineral projects in Eritrea. There include the projects of Sunridge at Asmara (partly owened by SBS via shares in SGC) and SBS gold developments at Zara... Over the next month or two we should see
1. The resource upgrade at Zara.
2. The resource upgrades of Sunridges deposits at Asmara
3. The release of Sunridges pre feasability study
4. Granting of a Mining licence to Nevsun.

All these should give a tremendous boost to the value of SBS.....I'm holding on tight for the ride!!