I should add that previously, I allowed 38 cents per share for "other" resources.
A drilling report wil be due within a few days.
If these "other" resources were not allocated any value at all, then the SMM market cap rises to $A109.12 mill.
Based on previously calculated net value of $A2.33 Bill, the value per $A1 market cap will change from $A51.9 to $A21.35, about 5.43 times PDN's $3.93 value.
Please bear in mind that PDN has been marketed for quite some time while SMM's share price commenced upgrading a week or so ago.
Subject to audit.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
SMM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
