re: smo market depth

Interesting that Babock and Brown have approached SMO in March on behalf of private investors and invested $4 million to explore SMO's gold tennements in the Charters Towers region. Anyone know if it is near CTO's land and their 10 million oz deposit, I hope so! SMO have a free carried 40% holding in any find with an option to extend this to 50%. Director Rob Kidd suggests the area has great potential to add to SMO's gold assests. See announcement;

http://www.smcgold.com.au/announcements/06_03_08_Charters_Exploration.pdf