Sula Iron Share Discussion Threads

[fenseal3] 31/10/2016 10:06

Potential 3m ounce of gold, yes do the math, MC less than 2m....massive rerate coming!!!!!!

[scotty1] 31/10/2016 08:11

Sula Iron & Gold has been able to finalise and release the results of the Induced Polarisation survey undertaken by SEMS Exploration in Q2 2016. The results indicate the potential for mineralisation is far greater than the initial Exploration Target defined by SRK of 0.8-1.5mnoz (derived from 5-7mnt at 4-8g/t gold). In the last round of drilling, SULA covered around 480m of the 2km strike length defined by the Exploration Target. The drilling confirmed that the gold bearing sulphide mineralisation is associated with the magnetic and IP anomalies. The anomalies highlighted by the IP survey indicate that the strike length could now be 8.5km indicating the potential for a significantly expanded target.

Ends.

Do the maths on extrapolating the prospective resource of 0.8-1.5 million ounces byr over a far longer strike length. On the sort of grades being reported this looks almost certain to be a commercial ( 2 million oz plus) prospect.

That is far from discounted in the current share price. Brokerage VSA says that the shares are worth 3.1p. We are not that confident at this stage but the prospect could well justify that sort of valuation even at this early stage.

[escapetohome] 31/10/2016 07:50

I can understand why.
They bought at a much higher price , bought into an " investment" and got their all important timing wrong.

BUY LOW VERY VERY LOW AND SELL HIGH

THats the way to do it.

[bigjames2] 31/10/2016 07:46

FailedQS3 Oct '16 - 10:28
Bigjames2 - what have you been smoking mate?!

Remember my thoughts on the matter and the shout-downs I got?

Next step is to announce some drilling project, maybe mobilize late this year early next year?

[dicko80] 28/10/2016 16:30

Yes average 0.30p if I get there I'll be making a sharp exit :p

[trewsa] 28/10/2016 15:22

Hot Stock Rockets,pay your £5 to see it.

[gbenson1] 28/10/2016 14:53

Good advice Scotty1, 0.18-0.19!!

[temmujin] 28/10/2016 14:50

just hope it isnt a pump and dump before a placing

[melodrama] 28/10/2016 14:49

1 codes often do mean RNS, seen it many many times. Not 100% reliable though.

[scotty1] 28/10/2016 14:47

Looks a good bet though just after wait till it falls back after initial spike before buying a few.

[tsmith2] 28/10/2016 14:47

ScottyWho, what, where?

[scotty1] 28/10/2016 14:43

Nowt to do with codes benson lol,been given the kiss of death and tipped

[gbenson1] 28/10/2016 14:41

1 code is mms signal that RNS in pipeline.

[melodrama] 28/10/2016 14:39

Nice, is that the same source you mentioned a few weeks ago?

[melodrama] 28/10/2016 14:38

Infamous "1" code just went through LOL

[temmujin] 28/10/2016 14:38

big RNS next week by all accounts

[gbenson1] 28/10/2016 14:37

Just look at the trades at, and after 1430 hrs!!