I rubbished SIM for drilling in WA. I will not say the same...

I rubbished SIM for drilling in WA. I will not say the same thing for the upcoming U drilling programs in NT and SA. SIM has about 22,000 sq kms of prime U ground. They completely surround DYL's Napperby project and start scout drilling in a circle around Napperby in the next few weeks.

They are very large lease holders next to Beverly in SA. They hold large leases to the NW, W, SW that circle Beverly about 50 kms away and abut Marathons Mt Gee leases. They also control a number of addtional leases to the South near Honeymoon and other U prospects. They will drill Glencoe in December.

SIM has issued 34,000,000 shares and at 50 cents is worth A$17 million. Cash is $1.1 million enough for two quarters of drilling. ALL of these leases are in very hot U areas. Has also built up a very bullish chart pattern with 25,000,000 shares in the public float SIM is very tightly held and could go off like a rocket purely on its very strategic U landholdings.