I have taken a fairly large stake in SMO over the past weeks as demand continues to out strip supply for copper.
The copper price has risen from US$1.22 in May 05 to over US$3.25 in 12 months and no sign of slowing down.
Looking forward to a new broker report - ABN AMRO Morgans had a 12 month target price of 15c back in november when the price of copper was under US$2 and before the massive resource upgrade at Cinabrio.
Cheers
kawartha
SMO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
