sbm

sbm have raised a lot of money from placements in the last two months to cover the start up of the paulsens project .the costs at meekatharra are heading back down again .if they do sell the dio stake sbm will probably resume the share buyback which will be a positive for the share price i think sbm will move up strongly over the next 6 months and am looking at a .35 .40 price by mid 03 . it has a 5 year mine life with 460000 ounces of gold and a strong chance of increasing this .fundamentaly very sound and has been overlooked by the market just as crs was at under .30 a few months ago.wrongway