This is an interesting one. I bought mainly for other projects but have started looking into Kalman recently and I think they (and KMN) are onto something that could turn out to be huge.
The initial JORC was probably disappointing to a lot of investors (and KMN got dumped for it) but looks like the main game is at depth. It looks like it gets both thicker and higher grade and potentially this is just just the tip of the iceberg. Imagine if that bonanza zone becomes thicker at depth! There will be a substantial resource upgrade coming in any case.
The market is currently giving SMDs entire project suite a value of about $4 million (after subtracting cash). Might be one of those bear market insanities, or opportunities depending on how you look at it.
SMD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
