AGM very positive
New director Jim Squire brings a wealth of experience from the copper industry and as a whole the board is very impressive for a small company.
Expansion on target and the main focus is on the current expansion to 1250+ then 3000 tpd Jan 08 and drilling for more reserves.
The big plus is production costs are still dropping making this a very low cost operation and substantial cash flow will follow.
Board is very keen not to issue any more capital and debt financing should no longer be a hurdle as the co has no debt.
SMO
smc gold limited
