Hi to Jak & PP - I shoved this in the bottom drawer a fair while ago and occasionally have a check to see how they are doing - I reckon their long term prospects are very good based on the fact that copper could soar in the not too distant future - apparently stocks are being run down and there aren't too many new mines coming along to alleviate the shortage, both existing & future -even if China has a slowdown the smarties reckon India will take up the slack. Apparently world production is from mines averaging just 0.07% copper.
From their announcement the directors are of the view this would support a stand alone mining operation.
Anyway, just my two bobs worth so you don't get too p..... off talking to yourselves.
SMD Price at posting:
12.6¢ Sentiment: LT Buy Disclosure: Held