re: why is smc gold misunderstood tophat,This article appeared...

re: why is smc gold misunderstood tophat,

This article appeared on miningnews.net earlier today. I do not hold. Cheers John.

SMC poorly understood: analyst


Michael Quinn


Monday, December 12, 2005
BRISBANE-based, Chile-focussed copper-gold miner SMC Gold has been described as a poorly understood company that will enjoy "dramatically" increased cash flow over the next 12 months.

Independent analysts Stock Resource calculated SMC could provide annual net cash flow of $US17.5 million at a copper price of $US1.50 per pound – more than double the company's then enterprise value.

SMC owns the Punitaqui copper-gold project north of Santiago, comprising a processing plant and underground mines.

A staged expansion program is targeting annual production of 13,000t per annum of copper and 6600oz of gold in a copper concentrate.

Stock Resource also noted that SMC was having exploration success at its Cinabrio mine, which provides the bulk of the mill feed to Punitaqui.