SMM somerset minerals limited

TMR was headed by Jason Bahnsen, who up and left shortly after...

  1. 2,364 Posts.
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    TMR was headed by Jason Bahnsen, who up and left shortly after the MRE for the Canadian gold projects fell short of the historic estimate despite 10's millions in extra drilling, incorporating extra holes drilled since previous estimate, lower cut off grades, numerous bonanza hits and my favourite, meeting with the company doing the MRE shortly before a positive video update/ presentation and then terrible MRE release.

    That was also before they looked at acquiring a lithium project in Canada using advisors that appeared to also be owners of the target project.

    Hansen came in after that and acquired the mainly Cu Prescott project in Canada adjacent to AW1's project. This is on the back burner presumably because they were underwhelmed with sampling results at end of last year. Now acquired the Coppermine project...see if this one is better.

    The issue here is much less cash, later drill start date will probably mean minimal chance to get extra drilling in with any positive initial hits. Might be able to coattail off WCN's results as they are set to do much more drilling this season, and perhaps prove up SMMs ground to some extent. Positives are relatively low SOI after consolidation, cash should be enough for RC planned drilling, and with a low MC, probably more scope for SP appreciation with positive drill and sampling results.
    Last edited by dante941: 28/05/25
 
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