I have watched the presentation on website which is impressive, but after the huge gains in SMM in 2006 am wary to buy at this current high....kicking myself i didn't look closer into it months ago of course. Alan (CEO)suggests a 2.6B surplus (is this profit after tax?) over 1st 6 years of production....which would equate to $400M per year average, or about 2/3rds current market cap. I have not figured out what amount of "tons per day" is needed to generate that sort of revenue....has anyone here? Does anyone have an opinion on the projected figures from the web presentation?....IF accurate it would suggest a lot of upside ($30?) over time. I am wondering whether the share price could pull back significantly when the time comes to fund the mine, or whether i should just take the plunge now.
SMM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
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