As I said earlier today - just read todays AFR. Stating emphatically that the 3 mine policy will be overturned. Labor supporting it (Ex Beattie - but who cares), unions supportining, Mt Isa Council supporting it, Howard supporting it. Just a matter of time.
SUMMIT RESOURCES ARE BIGGER THAN PALADINS!
While PDN has gone to a $1.7b market cap remember they are still in a politically unstable country (NAMIBIA)
IMAGINE HOW FAR SMM COULD GO IF THEY ARE ALOOWED TO MINE FROM AUSTRALIA. ALL OF THE BIG PDN HOLDERS WILL SWITCH QUICKLY TO SUMMIT AND POWER HER RIGHT THROUGH $1.7 BILLION MKT CAP. A 10 BAGGER FROM HERE AND POSSIBLY A 20 BAGGER. NO BRAINER !!!!!
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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