SMC 0.00% 49.0¢ strategic minerals corporation nl

potential limited by barrick

  1. 6,951 Posts.
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    Barrick has the best deal as for minimum risk and not very much cash it can grab 80 % of finds below 100 mtrs and 50 % above 100 mtrs after 500000 ounces found . Fully diluted market capitalisation is now quite high taking into account the aforesaid . There was an interesting announcement on 22 April.
    Everyone knows it is important to read the 'small' print, I also like to read the 'important' print.
    I would doubt that it is the best Australian quoted gold share, however that is my opinion.Chart wise it looks overblown to me and hit my chart point of 34 cents yesterday and would be full of short term Exuberance so when they all rush to get out of the door at the same time the shares could fall IMHO

    I can be wrong and often am so do your own research .
 
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Currently unlisted public company.

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