SMO smc gold limited

AGM very positiveNew director Jim Squire brings a wealth of...

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    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.
 
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Currently unlisted public company.

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