SMD has an economically viable copper resource as it is, without the pending resource upgrade and completely excluding this completely new find at Bloodwood...
2.5km mineralisation, with surface results of up to 23% copper + 6g/t gold. crazy.
Once the latest round of drilling completes at Mt Remarkable I hope they're high-tailing it over to Bloodwood ASAP!! :D
SMD's current resources from investor presentation (@ market cap of ~$12million):
98,000 tonnes of copper -Copper selling @ ~US$8,000/t*
10,000 tonnes of molybdenum ?Moly selling @ ~US$33,000/t
840,000 ounces of rhenium ?Rhenium selling @ ~$160/oz
96,000 ounces of gold ?Gold selling @ ~US$1300/oz
23.5% copper, page-5
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