re: any penny unloved gold stocks................
i know i have posted before, but in response to your question SMO is an undercapitalised gold stock bargain right now. holds an indicated resource of 271,100 oz gold with exploration licences covering 350 square kilometres of highly prospective exploration tenements in the charters towers area, production stepping up from 24,000 to 40,000 oz AU p/a, tiny company with mighty high leverage to a rise in the POG, operating costs falling while gold price rising, based even on todays gold price, production levels & costs, SMO should turn a substantial FY03 profit, which is not bad for a gold producer with cap of under $4mill. only pity they have no cash to fund MIC type acquisitions.
