If I were a betting man, I'd give this bad boy about a 5% chance of being around come Jan '09, if somebody hasn't come along and snapped them up at 5 cents a share or so.
You have:
1) Poor visibility with respect to production costs
2) Limited visibility on the metallurgy at Punitaqui (ore may be more widely disseminated at depth (in terms of grade) than originally thought)
3) Obvious delays with respect to any exploration and development of other tenements, until they get Chile functional at 3k tpd or higher, and
4) A copper price that is dropping fast, as speculative funds reposition out of commodities.
All in all, this one is looking more and more like a lottery ticket, I'm afraid.
- Forums
- ASX - By Stock
- SMM
- play the odds
play the odds
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMM (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.123M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 4960328 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 2393458 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 4960328 | 0.003 |
22 | 17914166 | 0.002 |
15 | 41300203 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 2393458 | 3 |
0.005 | 10594889 | 15 |
0.006 | 4359766 | 7 |
0.007 | 3478571 | 5 |
0.008 | 1000000 | 1 |
Last trade - 16.12pm 03/09/2024 (20 minute delay) ? |
Featured News
SMM (ASX) Chart |
Day chart unavailable