strategic minerals,will suprise the market when tr, page-3

Rabb,

I think SMC has been scratching around Woolgar for twenty years. According to their announcements they have been indicating a possible resource of 300k ounces which at $250 per oz profit befor overheads and tax is $75m earned over, say, the next six years. That would give a likely after tax profit of around $5mp.a.
for an npv of around $20m (can't be bothered to get the calculator out for the precise amount).

If all the above is correct (IF) that would give a current share price vale of around 18 - 20c. They would need to raise funds to develop and fund the mining though so the real value is likely somewhere south of 18 - 20c.