Not sure of any link between SML and JML except that they are in...

Not sure of any link between SML and JML except that they are in similar areas (Glen Wills and Benambra).

Glen Wills at this time of year is generally covered in deep snow and season atm is exceptional, hence if same as last year, no drilling takes place. SML's last report mentioned a drill rig on site and one would suggest some/a results are due?

Also one of the late ASX reports from SML said that there would have to be a huge amount of drilling undertaken before any big change in JORC amounts.

One would also presume that dollars are running pretty low as well, hence more funding to come from a raising or other? (There was a raising lately however I thought it was to pay out some large loans?)

To prove up a million oz. will incur a huge amount of capital and at last info they only had roughly 100
tho oz? It will be many years and heaps of holes prior to any substantial resource will be found.

Did notice the share action on Friday, however have not heard of any rumours. Volume as of late tells me that one or more of the larger holders were more than willing to sell or reduce holdings.

Good luck all, as I have stated in prior posts that I have friends that hold from way up and would be more than happy to take a smaller loss.