SMI santana minerals limited
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Ann: Outstanding Economics - RAS Scoping Study (First 10 Years), page-4

  1. Transcender
    781 Posts.
    lightbulb Created with Sketch. 457
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    17/04/24
    10:23
    Post #: 73382220
    I don't doubt that. Just saying that when I came on board at $0.22c it was a great story. Plenty that got in at a lot lower than that. I have waited to see if they made further discoveries in the surrounding areas which showed promise, but delivered nothing.
    Do I want to help fund a project on a company with a market cap of $225m to produce a 10year NPV of double that. No. Triple. Still no.
    Risk reward no longer makes sense for me, indicated resource upgrades or not, numbers will still be too small.

    SMI Price at posting: $1.30 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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