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SYNDICATED METALS LIMITED (ASX:SMD) - 60% jorc resource upgrade, page-6 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
SMD
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60% jorc resource upgrade, page-6

  1. jojosydney
    8,188 Posts.
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    17/11/10
    19:13
    Post #: 7489512
    Hi Delta,

    I think the grade is excellent so far as you have your gold and silver credits on top of this.

    More drilling should give us much of the same and add to the resource.

    Because its a shallow resource an opencut mine with low production costs will add to the economics and the higher grade can be done by underground mining.

    Plenty more drilling to be done and plenty more excellent targets are waiting to be be proven up.

    SMD has the goods and will add to their resource imho and with the current market cap they are very cheap.

    good luck

    jojo
    SMD Price at posting: 18.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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