SMM:
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.
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