Hi Guys, Thought you would be interested to read the latest...

Hi Guys,

Thought you would be interested to read the latest Resource Rising Stars SMD Ten Bagger Article. Awesome!!
"Just like a great album, the hits keep coming for Syndicated as Barbara expands at depth

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The drill rigs continue to turn at Syndicated Metals’ (ASX: SMD) Barbara copper-gold project in North Queensland, with the deposit yielding some more impressive results this week.
The latest drilling has been designed to firm up potential future underground mining positions directly below the open pit which could extend the life of the operation beyond its initial 2-3 years.
And investors weren’t left disappointed this week, with the latest hits including thick zones of 40m grading 1.76% Cu including 9m @ 4.01% Cu and 32.5m @ 1.9% Cu including 14m @ 2.73% Cu directly below the South Lode.
Readers of Ten Bagger might recall previous impressive South Lode intersections reported earlier this year such as 25.9m @ 4.24% Cu including 7.5m @ 10.76% Cu and 29.0m @ 3.24% Cu including 19.0m @ 4.07% Cu.
The company has also intersected a new position at depth between the North and South Lodes with new hits such as 6m @ 3.3% Cu, 9m @ 2.61% Cu and 3m @ 2.02% Cu.
In between drilling these big, deep diamond holes, Syndicated has been drilling out the emerging Lillymay satellite discovery, located just 4km from Barbara, which could also prove to be a supplementary ore resource to bolster Barbara’s current resource of 4.75Mt @ 1.59% Cu for 75,000t of contained copper.
New hits from this discovery reported this week included 2m @ 1.8% Cu and 3m @ 1.69% Cu, with the drill rig returning to Lillymay during the week to punch in some additional holes and underpin a maiden resource estimate.
With a Feasibility Study on the Barbara Project due before the end of the year as part of Syndicated’s 50/50 joint venture with CopperChem, investors will be looking for guidance as to how the expanded depth potential at Barbara and the emerging Lillymay story could influence the overall development plan.
The current thinking is that ore will be trucked 120km to CopperChem’s Cloncurry plant. However, if the Barbara JV can establish sufficient resources (and growth potential) at Barbara, there could be a case for relocating the plant there.
With copper prices remaining solid in Australian Dollar terms (falling currencies could be a boon for emerging producers like Syndicated), there could be plenty of interest in Syndicated MD Andrew Munckton’s presentation at next week’s Resources Rising Stars Conference on the Gold Coast.
Melbourne equity research group Beer & Co has a base case valuation of 10.5c-a-share for Syndicated, based on its plans to move to production at Barbara next year in joint venture with CopperChem.
Beer & Co analyst Pieter Bruinstroop says it should cost less than $20 million (Syndicated’s share $10 million) for Barbara to move into production and cash flow, with upside likely to come from the depth extensions plus regional exploration targets which could become satellite ore sources"