SMO smc gold limited

hey hey did ya all miss this ann

  1. Yak
    13,672 Posts.
    HINT....go to the last line.....

    Hmmmmmmmmmmmmmmm......

    Queensland Gold Assets: Value to be realised in FY2007

    SMC commenced trading as a gold
    producer near Charters Towers.
    Hadleigh Castle Mine/Rishton Mill were
    placed on care and maintenance in 2004,
    pending further exploration.

    Value to be unlocked
    highly prospective exploration ground
    (268km2)
    Successful producers within the region
    demonstrate potential
    Exploration programme planned from late
    2006
    Option to purchase the Rishton Mill for a
    payment of A$2.75m plus upgrades
    Creates leverage for a trade sale of the
    portfolio
    Alternatively might be used for Punitaqui gold
    ore treatment
    IPO or Trade Sale?
    formal review underway
    package of exploration assets, and mill
    purchase option
    board decision by January 2007
    Possible in-specie distribution for shareholders
 
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