SMM 20.0% 0.4¢ somerset minerals limited

@HarryKane this isn't about Ecuador, TMR should be a buck on...

  1. 22,468 Posts.
    lightbulb Created with Sketch. 814
    @HarryKane this isn't about Ecuador, TMR should be a buck on Canada alone

    200 k ounces at 12 g/t

    mill and infrastructure with 80 m replacement value in 2010

    2010 study showing 700 ounce breakeven gold price at 1 to 1.08. US : Canada

    25,000 ounces a year is 30m Aussie profit with 8 year life before a drills been drilled

    upgrade mill to double throughput and you have blue sky

    massive gift here.


    Ecuador is the cream and justifies the current cap alone

    back to the booze for me





 
watchlist Created with Sketch. Add SMM (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
-0.001(20.0%)
Mkt cap ! $4.123M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $256 64K

Buyers (Bids)

No. Vol. Price($)
7 2273526 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 5715156 8
View Market Depth
Last trade - 10.08am 12/07/2024 (20 minute delay) ?
SMM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.