PROFILE
One of the key attributes to the success of S2 is that it hasn ’ t had to face many of the challenges that other mineral exploration companies face , namely funding , getting good people to push the company forward and external factors – such as commodity prices .
“ Unlike 99 percent of the industry we ’ ve been in a good spot . Being an explorer , the value we can create is in the discovery itself rather than the mining of a particular commodity .
We are decoupled of the day to day variation and speculation of commodity prices that impacts a producer ,” says Bennett .
A recent example of this decoupling happened recently , as Bennett recalls : “ A number of gold companies were hit because gold price dropped ,”
“ But we , in the same time , actually announced a gold discovery and our share price went up 42 percent on the first day and 10 percent again on the second day . It ’ s the
12 October 2016