I would think zero. SMM is undervalued now and the potential is huge.Wait and see what the company looks like when a resource update finally comes out. As Gerry has said on earlier posts there are still a number of very exciting prospects still to be drilled. Summit itself said earlier this year that it has a "uranium province".in Mt Isa. PDN is looking for a cheap entry via VUL AND IF smm's court action is turned down they might get there if the independent VUL shareholders take up the offer. This also might be in doubt because VUL holders might see more value in allowing SMM to develop the area to its full potential and see pdn's bid as opportunistic. With the Labour policy virtually certain of changing and Beattie on record as saying he will go along with it, SMM has huge upside potential in its SP. That is why PDN wants in now through VUL... they will never get another chance to gain a premium asset this cheaply. IMHO
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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