here's the key out-take from RCR write up ........
Investment comment:
SIM has active early-to-mid stage uranium exploration programs at a number of projects, and has met with early success at Yanrey (WA), adjacent to Manyingee (PDN). Drilling is underway at Eclipse (3,000m) and Lake Frome (2,500m). Exploration expenditure for 2006/07 is
expected to be around $2.0m, supported by a recent A$2.5m capital raising at 50c/share. With a
current capitalisation (undiluted) of A$21m, and an active exploration program with encouraging early
results, SIM’s share price appears to have good potential for upside appreciation.
Oh what was that?
SIM’s share price appears to have good potential for upside appreciation.
Watch out for Lake Frome drill results - they are an early key company maker. SA permits uranium mining.
I don't know anything much at all. DYOR please.
SIM
scimitar resources limited
