SMO smc gold limited

Spoke to Simon today at SMO...The resource they have at present...

  1. 327 Posts.
    Spoke to Simon today at SMO...The resource they have at present is being drilled out to a "reserve" status so I don't expect a huge increase in their current ore volume, but this will give definitive figures which are needed.

    But the NPAT for 06/07 look very promising.. They have a lot of ground to explore on and from what he tells me there should'nt be a shortage of additional ore to be found :)

    Cinabrio is a tenament of 95sq kms alone and to date only about 600m has been drilled. Also a fair amount PR should start to occur to give investors a real view of the potential SMO has..

    For a junior that producing the main three points that will make this stock surge are:

    Copper prices stay above $3per pound (probable).
    Increase in their throughput of 30-40% (as quoted by Simon in the next 6months)... lets hope so.
    Additional copper ore found (looks realistic).

    Could make the next six months very interesting. Short to mid term could be a decent stock.. no?



 
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Currently unlisted public company.

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