SMX strata minerals limited.

The drill bit turns for us now - very excitingRight next door...

  1. 1,132 Posts.
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    The drill bit turns for us now - very exciting
    Right next door and Ohhh so close to one of the highest grade gold producing mines in WA.
    The drill bit will do the talking for us but we have a decent rig and our team has worked out just where to put the drill bit so Lets GO.
    Ramelius are going just great and now turned into a cash cow with record Gold prices, they are being super aggressive because they know right now the more Gold resource they can get their hands on the better, hence they are exploring up to our boundary -
    "Ramelius recently announcing plans to expand exploration at Penny to the south, towards the northern boundary of Strata’s tenements"
    .No doubt Ramelius will be watching our drilling and results like a hawk, being so close to their highly profitable operations.
    If we can get the results we hope for in the first round of drilling should be some very interesting discussions take place you would have to think.
    This just out from Remelius tells us how much of a cash generating machine they are becoming and are now being super aggressive in the Gold space for $$$$$ reasons -
    Ramelius Managing Director, Mark Zeptner, today said:
    “Our first half of FY25 has been record breaking on production, profitability and cash flow generation.
    We are in a great position to deliver our FY25 guidance and generate over A$650M in operating cash flow for the year at current spot prices.
    In recognition of the Company’s current financial strength, record gold price, future cash flow generation and our ability to fund our growth pipeline we are increasing our returns to our shareholders with a maiden interim dividend.”

    Good early drill results could be company defining for SMX I have no doubt.
    So good luck to all SMX holders, our location is just outstanding.
    Above IMHO and DYOR



 
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Mkt cap ! $3.672M
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