not if...but when

There's not much to not like about Syndicated


* Cashed up - approx $4.7m in the bank

* Directors own around 26% of the company

* Cornerstone investor - Korea Zinc

* Active drill campaigns - of particular interest to me is the upcoming drilling of the Ironbark target during January. Sampling produced some nice results.

* JORC resources at Barbara with resource delineation drilling in January

The company has released a steady stream of positive news flow all through 2010 and I don't see that changing in 2011.

With lows at around $0.10, current prices are still very much basement. The best investments are usually the ones that no one else knows about yet. MZM and AUC have turned out to be gems for me this year and they had similar structural characteristics to SMD

If you can get a hold of the options (there's not many of them), they offer excellent leverage for any upside movement above the $0.20 mark

Good luck

Marchello