any # crunchers???..looks good.

Can anyone worlk out what a fair share price on this is???

They're reporting Nett profit for 06 qand 07 and with excellent resource expansion potential.....

28 October 2005
SMC Gold Limited release
SMC GOLD’S TWO-YEAR COPPER-GOLD EXPANSION IN CHILE ON TRACK

In a presentation to the Mining 2005 Conference in Brisbane today, SMC Gold’s Chief Financial Officer, Simon Brodie, made the following key points:

SMC Gold is on track to treble annual production to 13,000 tonnes of copper and 6,600 ounces of gold by 2007 from the company’s mining and processing
operations in Chile.

Expansion of processing plant now expected to increase throughput as follows:
o Currently - 1000 tonnes per day (tpd)
o Late November - 1300 tpd
o Early 2006 - 1500 tpd
o September 2006 - 2500 tpd
o 2007 – 3000 tpd.

Regrind circuit being commissioned this week is
o increasing copper recovery rates by an expected 25% to 80% lifting value per tonne of ore mined and processed, o increasing the grade of copper concentrate by 20% to 30% thus lowering smelting and transportation costs.

Net cashflow now expected to be:
o US$9.2 – 11.1 million in 2006
o US$17.5 million in 2007

Excellent potential to increase resources.
o Target to treble Cinabrio resource to 20 million tonnes.
o Drilling programme at Cinabrio commencing November 2005 to upgrade and expand resources of the Cinabrio orebody.
Rob Kidd
Managing Director
For further information contact:
Simon Brodie
Chief Financial Officer
Tel: (07) 3839 4166, Mob 0411 558 544
Email: [email protected]
www.smcgold.com.au