2 significant regional faults ++, page-9

Here's alittle something else to consider.SMD was/is involved in 2 JV's in the Mt Isa region one with MET at Barbara and one with what is now CJO at Kalman south.Now let's think about those partners for a moment .....MET has switched it's focus to Burkina Faso in West Africa and CJO is now focusing on it's silver plays in Mexico. One would have to think that SMD is in the box seat front row to pick up their ground if either of those companies decides to divest their Australian holdings.When I spoke to the MD last month he admitted that SMD would be very happy to pick up some or all their JV partners ground in the region.If that were to happen then SMD may well emerge as the largest land holder in the Mt Isa region and be on it's way to becoming a regionally significant powerhouse.I do like the idea of that .Not many shares on issue ,an active drill program on some great targets and with plenty of cash to see the year out I do think we will see SMD with a significantly higher share price in the not too distant future.I can't upload any maps at the moment as Photobucket is down.Later tonight I'll post a map detailing the holdings of SMD,MET and CJO