SMM 33.3% 0.4¢ somerset minerals limited

still a good investment imho, page-16

  1. 22,691 Posts.
    DYOR, Thanks for that. Greater profits still.

    It is embarrassing.

    I think that such a high quality project deserves a P/E of at least 15 in the beginning of mining followed by 20 later on.

    Whatever, it seems to me that taking into account some dilution caused by infrastructure, we could be looking at a share price of some $8 once it is running properly and perhaps $20 once the expansion to 4 mill tonnes per annum is running successfully IMHO.

    Current share price: 1.04/5.

    Gerry
    Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.



 
watchlist Created with Sketch. Add SMM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.