If you are feeling a little jittery with SMD, bare in mind the following:
# BHP is bullish on copper and gold
# Copper price looks like it is set to go through the roof in 2015.
# US economy is lifting increasing the outlook for consumer/household goods (loaded with copper);
# There are a few people in china that would not mind owning a fridge and an air-con at some stage (again loaded with copper);
# Global supply of copper and gold is looking sketchy;
# When you bought into SMD, you didn't think you were also getting a bunch of gold stock (look back at Iron Bak and Broadwood tenements!!!!).
# Gold prices are going up with a falling AUD$.
The funds managers are just waiting for the feasibility and like me are looking forward to crunching the numbers on the upside and loading their pockets with gold.
.31???? I for one are looking to buy more at these levels.
Looks like all those who have cleared out are myopic.
Sourceboy
SMD Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
