Funny thing, I was just going to post how SMI seems to not be getting much attention considering its stellar performance, and then I read your post.
The rerate is happening not only on the back of a rising gold price, but it just so happens New Zealand is now a very favourable country to be a gold miner!! So, we could see valuation slightly above your call. Maybe $900m - $1b.
Acceptance to the Governments Fast Track next year will be like a shot of nitrous.
SMI Price at posting:
$2.37 Sentiment: Buy Disclosure: Held
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