Spoke to Simon today at SMO...The resource they have at present is being drilled out to a "reserve" status so I don't expect a huge increase in their current ore volume, but this will give definitive figures which are needed.
But the NPAT for 06/07 look very promising.. They have a lot of ground to explore on and from what he tells me there should'nt be a shortage of additional ore to be found :)
Cinabrio is a tenament of 95sq kms alone and to date only about 600m has been drilled. Also a fair amount PR should start to occur to give investors a real view of the potential SMO has..
For a junior that producing the main three points that will make this stock surge are:
Copper prices stay above $3per pound (probable).
Increase in their throughput of 30-40% (as quoted by Simon in the next 6months)... lets hope so.
Additional copper ore found (looks realistic).
Could make the next six months very interesting. Short to mid term could be a decent stock.. no?
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