South Star Mining Corp. (TSXV: STS)

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Business Description

South Star Mining (“STS”, “company”) is focused on advancing its 100% owned Santa Cruz flake graphite project in Brazil to production. It is located in one of the most active graphite producing regions in the world, with three operating mines and several development / exploration projects.

Website: http://www.southstarmining.com/

FRC Analyst's Reports

South Star Mining Corp. (TSXV: STS) – Completes PFS / Advancing to Pilot Operations	Mar. 5, 2020
South Star Mining Corp. (TSXV: STS / OTCQB: STSBF) – Upgrades and Expands Graphite Resource	Aug. 2, 2019
South Star (TSXV: STS) Initiating; Advancing Flake Graphite in Brazil to Production	Oct. 24, 2018

News

How Much Are South Star Mining Corp. (CVE:STS) Insiders Spending On Buying Shares?	Jan. 24, 2020
South Star Mining (CVE:STS) Is Very Risky Based On Its Cash Burn	Oct. 15, 2019
Did You Manage To Avoid South Star Mining's (CVE:STS) Devastating 84% Share Price Drop?	Jul. 23, 2019

2 Comments

Malcolm Jones on October 31, 2019 at 4:49 AM

Will South Star be able to obtain financing to build the pilot plant. and is it still a BUY rating?

Thank you, Malcoclm

FRC Analysts on October 31, 2019 at 11:52 AM

Thank you for the question. Although we are not in a position to speculate on management’s ability to raise capital, we estimate a CAPEX of $5 – $7 million for a 5,000 tpy pilot plant. The company is currently working on a PFS, which when completed will give us more precise information on the expected CAPEX and OPEX. STS’ fundamentals have not changed since our previous update report in August 2019, and therefore, our BUY rating, fair value estimate, and risk rating are still valid.

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