Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (16854)	7/24/2006 3:57:41 PM
From: zoo york	Read Replies (1) of 78411

Hi Koan! SBB is a good little stock, but that SH article makes the story a bit more bullish than is realistic. Yes they have a great project at Hackett River, and the treasury is extremely strong, but I do not think that deposit will become economic for a while yet. It looks very attractive on paper, but the capital expenditure to put it into production will probably amount to well above $100 million and I do not think they have proven up enough ore for a mine life that would generate a return on capital to justify the development. The deposit is open at depth and the best grades have come from those zones, so I am optomistic that they will be able to enlarge the discovery, and they have the cash to fund all that exploration. It may one day amount to a discovery worth putting into production, but IMVHO we are nowhere near that now. cheers! COACH247 Personal disclosure: I have a small position of SBB that I bought below 70 cents.

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