SMY sally malay mining limited

Production cost JBM $3.50 lb while SMY cost $5.00 to $8.00 lb....

  1. 3,674 Posts.
    lightbulb Created with Sketch. 210
    Production cost JBM $3.50 lb while SMY cost $5.00 to $8.00 lb. SMY costs include a couple of blow out, once off costs so if we say SMY produces at twice the price of JBM however the share price refers to a seven times difference. JBM talk about China building massive railway infrastructure with resources stockpile in nickel of 2 days compared to 35 days one year ago. On SMY site a broker presentation boosts that SMY sp of $2.20 is equal to nickel selling at $6.00lb whereas the forecast for the next four years is between $15.00 back to $10.00. I believe SMY is a buy too. Please DYOR, me I'm light and move with the wind, no direction from me.....
 
watchlist Created with Sketch. Add SMY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.