gtsman_05, yep gold stocks looks good, some do not!
Mind you it "All" depends on HOW close (time)...(SML) are in getting the stuff out of the ground and IS it economic to get it out of the ground? Always remember that with three rigs on site, dollars are spent, additional raisings are/will be required at some stage, hence additional dilution? If SML can provide to the market that they have a substantial resource...great..However so far the JORC resource is very disappointing, was it 55 thou oz au? IMO they are a long time off yet in achieving a substantial resource?..However no doubt it will/may be increased with all drilling to date?
In relation to your comment the other day (QTRLY). SML has plenty of cash on hand, however as I have said previously, they NEED to keep on drilling to form up a substantial resource in JORC standards. How long that takes is any ones guess? The three drill rigs (additional one on site soon), will no doubt make it that much quicker. Whether they can expand the supposed resource is somewhat unclear?
Together will it be profitable to mine? The drill results will eventually tell us! No doubt the action lately is in relation to presumed drill results, hence perhaps some quick profit taking may occur?
Cheers and good luck. (no position)..
Add to My Watchlist
What is My Watchlist?