Other than AFS???? I have been pushing SMM since the 30s and every 10 cents someone comes out and tells me that it has done its run and will fall over. $20 is achievable based on the fact that the resources (pre upgrade) are valued at $3.6b based on a $30 Uranium price, U now in low $40s and forecast into the $50s and maybe $100s! Look at the presentations.
Resource stocks generally trade at a 20-40% premium to NAV so $20 is achievable on that metric as well. The Political argument has been crumbling for months not just the last couple of weeks since the Chinese came visiting our shores.
Beattie has already pretty much rolled over just signing the change and back side covering to go. Basic politics. Again if you go over old posts you will see that I mapped out Beattie months and months ago....
Sorry to reply but new entrants need to think about those of us that have been here for years and years.....
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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