visible copper suphide

I only hold a small dollar amount in SMD, and am happy to do so.

At an EV of less than $4m, and with the cash to continue drilling, and two significant projects, it is a good speculative stock, IMO.

It is worth noting in the quarterly out today the following report from the Barbara copper project:

"Copper sulphide (chalcopyrite) mineralisation visible in all holes completed in a step out RC and diamond drilling program at the Barbara copper project..."

To my knowledge, this is the first time that this news has been released. (It would've been worth a separate release, IMO, but I guess it was so close in timing to the quarterly...).

Assays for these intersections are due in a few weeks, but it sounds like they have got some very high grades here. DYOR on chalcopyrite...

Also note director buying at current prices over the last 6 months.

I can see a lot of upside, and not very much down..

Y