Hey Im in townsville - lol Their mine in chile - 100 000oz a yr that would mean a lot for SMO - it currently mines 30 000oz a yr at ave share price of 5.0 cents so a 4 fold output should give around 20cps share price - perhaps more depending on any savings/synergies the new mine may offer tho i wouldnt count on it. Does this sound reasonable? Currently running at a loss, not sure for how long - just this current financial year i believe. anyways id say 18 to 20 cps new valuation once increased production starts- see if this is reflected in the market in the future.
SMO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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