arnoldjack, 150,000oz is a 6 years mine life at todays production levels. and by the end of that time smo will have other mineral resources under its wing. either though their exploration program or acquisitions. there are a number of variables but this years annual profit should be between $1.2mil and $1.8mil. not sure whether that will be reinvested or distributed as dividends. a detailed breakdown of the result will take some time but i can tell you right now that smo is worth plenty more than $3mil. announcements released 20:09 and 20:19. not before market close i dont think arnold.
gb
SMO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
