There hundreds of listed junior explorers listed on the ASX, and only a handful go into production each year. I like how SMD has a tight capital structure of 274 million shares and the Top 20 hold 55% of the company.
Could this be the next mining Dividend Diva in 2-3 years like Independence Mining(IGO) $4.30.
Strong Future Cash Flow revenues:
In 6-18 months time we might see some very substantial instutional shareholders on the SMD share register, and the top 20 shareholders may even lift their holding.
Kalaman has some nice big hits of Copper 50 metres of Copper at 2.1%
Follow the link a good informative video presentation anyway.
http://www.youtube.com/watch?v=CwV4O1r2ueU
SMD Price at posting:
4.3¢ Sentiment: LT Buy Disclosure: Held
