Obviously Sultan Minerals is extremly oversold hitting bottom at 2 cents. The infrastrucutre in place----along with current assays has a relative value of at least $150,000 million (approx 15 cents per share)
A new Reserve estimate is due in the near future being prepared by Girox Associates---and by all accouunts willoutline the total in place tungsten reserves.
Tungsten metal prices have not been dramatically subjected to the deflation as all other metals.
Does this bode well for us Sultan Investors who have stuck with the embarrassing low share price?
Apprarently an Investor firm 'Cormack" chose to bail out---probably leaving a bad taste for many Sultan shareholders---and setting a downward spiral on in the following weeks/months.
Is it possible Cormack will be looking from the ground whenn Sultans true facts and figures are announced over the next couple of months.
One notable point for Sultan's Board---at no time have any exaggerations come forth to boost share prices--
With the current share price of 2 cents---this would put a net value of 2 million dollars on $200,000 of in place Infrastructure at the Jersey / Emerald----not including the unknown value of the Kena/Gold mountain deposit ----which is estimatedto contain close to 800,000 ozs of gold
I leave the readers and investors to do the math ---on the realistic share price???
