SMM somerset minerals limited

Westie,SMM has a great thread.No Gobs LOL.If you take a look at...

  1. 1,959 Posts.
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    Westie,
    SMM has a great thread.
    No Gobs LOL.
    If you take a look at SMM and realize that Alan Eggers the CEO mentioned in an article in the Courier Mail on the 8th of Dec.
    "We have doubled our activity."
    "We have escalated the drilling and we are now spending about $1 million a month."
    "Our drilling has indicated that we have a world class resource that will be one of the world's Top 10 uranium mines."
    "I think the Queensland public and the Premier need to know that so they can make sensible decisions about these things."
    SMM have 8 deposits which they share 2 with PDN has you probably know.
    They share Valhalla and Skal.
    The other 6 deposits they own 100%
    They are Anderson's, Bikini, Mirrioola, Tjilpa, Warwai, and Watta.
    I don't know if the company yet knows which one will be the biggest. IMHO.
    Summit has also indentified 15 mineralised uranium propects within the Mount Isa Uranium Project.
    Anyone of these 15 propects could become addional deposits.
    They are Red Alpha, Western, Mixabe, Woomera, Pile, Hero, Crowbar, Mirrioola North, Mirrioola South, Drum, Rich John, Carlton, Narpajin, Bullfrog, and Ecotte.
    Summit also west of Mount Isa have their greenfields project called the Georgian Basin.
    Many thousands of Km to explore for much more uranium IMHO.
    So, I would rather have the orginal SMM, instead of the copy DYL, IMHO.
    Considering what Alan Eggars the CEO said in the Courier Mail, one would have to think that SMM is coming out with a monster JORC sometime soon.
    Just my opinion.
 
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1.8¢
Change
-0.001(5.26%)
Mkt cap ! $11.61M
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1.9¢ 1.9¢ 1.5¢ $394.8K 22.71M

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