Club Mulgoa

Saturday, August 20, 2011

SBL

http://www.signaturemetals.com.au/pdfs/CPSSecuritiesResearchNoteMay11.pdf

Inshallah! Only worth under 2c on Friday; in fact only 1.8c with a market cap of AUD42 millions. On Friday, it actually rose 0.2c from 1.6c.

If you look at the broker's report, you will notice that SBL is planning to increase production to 100,000 oz of gold per year. At a profit of over USD1000 per oz, you can work out the simple arithmetic here.

On Monday, if it is still 2c or under, it will be irresistible.

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