In fact SMM's current market cap is around $350 million.
Paladin paid over $1 billion for its share (over the equivalent of $6 a share) and AREVA paid over $130 million for its 10.46% stake (over $5 a share) ...
Unlocking value here is critical to both players ... all eyes to March and the Qld election. There is a strong case to argue the share price is well undervalued going by the last 2 transactions ...
SMM Price at posting:
$1.70 Sentiment: LT Buy Disclosure: Held