SMM 0.00% 0.4¢ somerset minerals limited

asx reports are good stuff, page-4

  1. 3,701 Posts.
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    I would much prefer a company that puts out lots of reports. Much better than hearing nothing at all.

    Todays report was very much a investor reset. I would say that they have now reset the goal posts so that the can under promise and over deliver.

    No EBIT forecast

    No cost projections that they can fail on. Just that previous qtr cost was 2.39 and this improve. Not much of a challenge there.

    Grade averaging 1.4% next financial year. Sounds like another reasonably safe bet.

    Current grade between 1.1 and 1.2%. Improving on this should also be easy.

    No estimates on when any of the exploration projects will get to production. A pretty logical outcome. At this stage they have not done enough drilling to start making estimates on production.

    Agree not much will happen until the next quarterly
 
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