Club Mulgoa

Friday, December 10, 2010

SBL


Azumah - priced $201 million
Ampella - priced $572 million
SBL - priced $48 million

The first two have less resources.

So you ask how does the market value a stock? Ampella has been hitting more and more good grades and SBL is starting to drill more. When the results are out, then we know which way SBL will go. With most West African miners, it seems nearly every hole hits gold!

At the moment, SBL is under 3c a share, to be precise 2.6c. I have topped up 4 times since Feb 2010 at 2c, 2.2c, 2.2c and 2.5c. When spare cash surfaces, I will try and top up before the drilling results are out. I like to bet on 'expected' winners.

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