This one requires a bunch of patience. They are frugal with their cash, are building a decent sized resource at next to no cost, are tightly held and on a $$ per ounce basis they are probably the cheapest gold stock on the ASX. ( Pure guess ) Downside is atm next to nobody gives a damn. Regal bought stock in the last placement, and the one before, and before that, so always sell a few when it drifts up. Too small atm for any real insto business. There is a Euroz Hartley's broker research paper on the SMI site, price target of $1.75 Best guess there won't be much share price upside until they update from inferred to indicated. I put a few more in the bottom drawer every time they drift below the last placement level, happy to do so in expectation of not much this year but hopefully a fair bit next year.
SMI Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
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