If Kings only announces 25-30MT as a 'fisrt' JORC I think the market will look down on it in the short term but SMD will rise as its marke cap is less than 15 million and it grossly undervalued.
I think the market is expecting something around 40-50 MT but don't be surprised if the SP actually falls on an announcement like this. If the market is expecting something then this is usually already factored into the SP hence the rise we have seen over the last week.
If we get a ripper like 100MT + then game on - I think we will see a massive re-rating.
KMN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
