SMI 0.29% $1.71 santana minerals limited

Ann: RAS Resource Upgrade - 1m Ounces Added at Higher Gold Grades, page-62

  1. 626 Posts.
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    This one requires a bunch of patience. They are frugal with their cash, are building a decent sized resource at next to no cost, are tightly held and on a $$ per ounce basis they are probably the cheapest gold stock on the ASX. ( Pure guess )
    Downside is atm next to nobody gives a damn. Regal bought stock in the last placement, and the one before, and before that, so always sell a few when it drifts up. Too small atm for any real insto business.
    There is a Euroz Hartley's broker research paper on the SMI site, price target of $1.75
    Best guess there won't be much share price upside until they update from inferred to indicated.
    I put a few more in the bottom drawer every time they drift below the last placement level, happy to do so in expectation of not much this year but hopefully a fair bit next year.
 
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$1.71
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$1.71 $1.81 $1.71 $1.068M 610.7K

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No. Vol. Price($)
1 10 $1.70
 

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Price($) Vol. No.
$1.73 2120 1
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