Sally's nickel production should double over the next two years, justifying an sp of $8-10 on p/e alone. Read some of the broker reports on the SMY website. It has an agressive exploration program, sound, conservative management, a slowly unwinding hedge book, and, as you say, the ever-present possibility of a take-over.
SMY
sally malay mining limited
nickel discovery of the yr, page-4
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