SMM somerset minerals limited

huge potential

  1. 3,624 Posts.
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    J Clark welcome aboard.I think you've joined a great Co.with huge potential. Alan Eggers [CEO] is like a fox terrior,who won't let go.He knows his stuff and has been working on this area of Mt.Isa since the mid 90's.I got on board about '95or '96 and have spoken to him a lot over the years.I think uranium was about $10 lb then .There is a lot of vanadium in this area and one guy I know who researched the Co. a couple of years ago reckoned the vanadium recovered from mining would just about cover the cost of mining.Earlier this year when SMM had a meeting in Auckland,they said they weren't looking at a 25yr mine life but wanted to try and get it up to 100yr.There are quite a few opened ended resources in SMM tenements and Alan has accumulated a large area of land in the area,so it wouldn't surprise me if it turned into something much bigger than we know now..Don't forget the splitting of ,of the Constance iron & phosphate resource into "Pacific Mines ltd" soon.They are talking about SMM Sh's getting free shares.When they get their licence to mine SMM's s.p will sky rocket.
 
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(20min delay)
Last
1.9¢
Change
0.000(0.00%)
Mkt cap ! $12.12M
Open High Low Value Volume
1.8¢ 1.9¢ 1.7¢ $155.2K 8.805M

Buyers (Bids)

No. Vol. Price($)
3 2337315 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 371928 2
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
SMM (ASX) Chart
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