SIM scimitar resources limited

undervalued

  1. TopSpec
    3,707 Posts.
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    31/03/05
    00:00
    Post #: 850877
    Checking the market cap of SIM, and you'll know the recent sell off is a no brainer.

    Currently trading at 20.5 cents will give a market cap of under $3.5m.

    They have around $3m of cash on hand, and a load of uranium permits waiting to be approved. Management seems very capable with various news on projects being updated to market.

    The only thing holding it back, I think, is that none of the permits are approved yet. Once they get the go ahead, the market cap should at least double.

    Anyone got any view?
    SIM Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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