I bought a small position at C$1.53 last week. This is a startup frack sand operation based in Arkansas. They have high quality sand located many hundreds of miles closer to the major shale basins than the current Wisconsin source of all major frack sand companies. Transportation is a major cost because each horizontal shale well requires many tons of sand.
94 million shares fully diluted
Market cap around C$139million.
Needs many more contracts to justify current market cap but frack sand operators have performed very well in the past year and SNS.v has the high quality sand that is required for fracking.
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