SMM 0.00% 0.4¢ somerset minerals limited

belted on opening, page-14

  1. 203 Posts.
    My humble opinion is that come the quarterly report and the new resources outlook on the newly acquired areas, we will see a more established and bigger resourced company than when the sp was at 25-27c. It is very much undervalued at the moment, and like a few posters have said, it's happening with a lot of other companies. Even with blue chips.

    Will the current mining be improved? YES

    Will there be more to TMR and it's resources soon with the current drilling exploration? YES

    Will they earn more later YES
    Is IBR delisted YES

    Will TMR be on the TSX soon? Let's hope so. The AFR paper talked of head Mirabela saying the treatment a mining company receives in Canada is very favourable. (sorry I can cite this for anyone interested later, don't have the paper with me).

    Did TMR find a new source of copper near its existing mill? YES only 6km away.

    Is copper as a base metal ok price wise? YES holding above the $3/Ib mark easily.

    Have we had reports from Amenia about the gold mine? YES and metalic processes as well. That's quite a quick turnaround from last year and getting over the line with the IBR purchase.

    Is there a good line of credit established? YES

    Is there a reputable bank involved? YES Merrill Lynch more hungry than most to recover from their bad earnings flop this year.

    Is the boom still on? According to BHP it sure is.

    I would wait for a little sunshine coming up. It's not all bad. Just the price and it doesn't reflect the value at all.

    DYOR
 
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