low market cap - only circa 60m shares on issue - so fully diluted market cap circa $15m at .25c. Only 27m shares quoted though so no much stock.
Historic good phosphate grades from CRA drillling - big area. Plenty of cash - $6m at end of last quarter (half of fully diluted market cap. is covered by cash). Also has a free carried share in copper/moly/rhemium/gold project in QLD thats shown some good moly and rhemium grades.
SMD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
