SMD 0.00% 1.0¢ syndicated metals limited

From the presentation released today.Page 13 Blue StarFirst 2011...

  1. 885 Posts.
    From the presentation released today.

    Page 13 Blue Star
    First 2011 results include 9 metres @ 6.1% Cu

    Page 14 New Discoveries - Bloodwood & Ironbark (North East of Barbara)
    Strong Copper & gold anomalism of up to 25% Cu & 12 g/t Au in rock chips.

    Page 16 - Kalman
    High grade copper: 9 metres @ 20% Cu & 53 metres @ 2.1% Cu

    Now, to the rusted on holders there is nothing new in this but it does highlight at least one thing for me; i.e. the copper finds alone ( apart from the value of the gold, molybdenum,rhenium,)should average a lot higher than the 0.07% average of copper being mined by some of the nearly clapped out deposits held by the big miners.

    But it continues to sail under the radar.
    I know a lot of the junior explorers are being slaughtered but this is one I will continue to hold as they operate in a highly mineralised zone & have one big holder - 15%. Although Africa might be the flavour of the month, at least we know the country risk in Australia.

 
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