Brilliant post borrowed from joenes of another forum (hope you don't mind, just spreading the word!):
"From the 10,000m current drilling being done, the blue zone drilling resumed 2 weeks ago and the rig moved onto mount margaret. With the green zone to be drilled as last target zones. The 2 new zones are estimated to add to the JORC category. Results are due for this drilling this month.
This is excl Kalman south where CJO has done bugger all and will lose their possibility to earn 70pct by the end of july for not completing feasibility study. SMD having recently bought back the 2pct smelter royalty is sure to bring in a partner on this prospect.
Having seen some action lately, just my thought is it is time for a move north pretty soon.
SMD holds the 2nd largest tenement area in the cloncurry (after aoh) over the Barbara fault lines.
Korea Zinc cornerstone investors, some 15pct from memory and aoh holding a slice too.
IOCG system was mentioned but not confirmed. Scoping on-going for copper production. Good one to sit with right now at these numbers.
Not much hype, just doing their own thing."
SMD Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
