Welcome. I have held this stock for a while and think it has huge potential. Their tenements are massive with a number of very good deposits of U , not to mention the possibility of gold and copper. Also Constance Range with known iron ore could have commercial value at todays prices. There seems absolutely no doubt Beattie is going to approve mining when Fed Labour change policy.
If Summits challenge to the PDN acquisition of Vul's 50% of Valhalla and Skal is succcessful that will significantly add value. If they fail they still have an excellent U partner to work with. On the SMM website there are some very good analysts reports and there has been some good info on H/C that you should be able to access. They are well funded [about 18 mill], have just appointed a new Director [ex WMC and BHP] and appear to be doing lots of drilling. I am very bullish on this stock but bear in mind I predicted it would have reached $2.00 by now and it hasnt.
Like Nightstalker says maybe a bit of patience but I think the upside is many dollars per share. I also hold PDN but am more weighted in SMM . Way back when I was buying into both at a similar time I felt SMM had more potential being in AUS so it shows how little I know.
Anyway IMHO it is a winner.
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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