that timing seems good though - if they can break thru.......cos...

that timing seems good though - if they can break thru.......cos the U price should still be heading nthwards or at least stabilising nearer to $40.....

from what i have generally read.....SMM is doing 2 yrs of further exploration to increase the resource(s).....the first yr being to outline more.....then the 2nd yr being to increase the quality - ie; from inferred to indicated or measured...and so on.....

this would take them into 2007 - where they could effectively go straight to a BFS if the ALP decision goes their way.....either way - simply means topping up for another year on any sp weakness........game on !!!