re:smy v thx, page-6

Acturtle, you are slowly starting to get the point. The point is SMY does not have any “Blue Sky”.

OK they have a lot of if’s.

If the sally Malay deeps continue at depth. They will drill next year to find out.

If there is any mineable ore at their JV at Wills Creek. They will drill this next year.

If the Platinum Aust ore is suitable to be mined through their current plant. They will investigate this next year and need to spend $700,000 to do so.

But in the mean time the clock is ticking over and the mine life on proven reserves is diminishing.

SMY have demonstrated to me they are not explorers and this is blatantly demonstrated when, after being the first into this highly prospective area they did not have the foresight to peg more ground for future expansion. I would like to suggest they could have had Keller Creek and the many nickel targets now held by THX and LIM.

That’s why I said that THX are a good punt. They are explorers as so is LIM, although LIM are also proven miners.

I am sorry but I have some niggling doubts about the future of SMY, the exodus of Directors and staff over the last couple of years as some major shareholders is a worry.