SMM 12.5% 0.4¢ somerset minerals limited

i rest my case, page-6

  1. 3,849 Posts.
    Initial impression: what is important is not the SP but that the Co. is now claiming to be not only moving 3000t, but processing it as well.

    As far as costs go:if costs persist higher in the ST than we'd like, the most important thing is how soon can they get the Open pit going. Clearly we now appear to have 2 options on this front.

    Part of the markets funk with Hugh is that there are those who claim the Co. knew (or should have known) the enviro approval on the Open cut was being held over ... if we now have another source of higher grade ore that can be open cut (even if on the same timetable as before) then That is significant.

    dyor
 
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