re: facts for those believing sim is a u play! Yellow Cake1. If...

re: facts for those believing sim is a u play! Yellow Cake

1. If it was a U producer it would be sitting closer to a PDN market Cap.
2. It doesn't cost much for prelim exploration which would be followed by a more thorough assessment (if successful) Hence the small alloted spend.
3. Unlike SMM it could actually extract it's reserves (How long will SMM have to wait while the Directors drain cash. Why continue exploration? They have enough evidence to justify commercialisation/leverage the QLD's arm. The continued exploration to firm up reserves is a blatant attempt to ramp the price for a future fund raising. The logical play (cashflow management wise) would be to stall until Qld approval is granted..
4. SIM's downside is limited. Cashed up and all upside potential (pending a discover) The price is certain to rise in anticipation of results at a minimum.

Conclusion - Good luck finding a $6m market cap Co with a proven product, sound management and a strong profit history........ You are a housewife investor who shouldn't bother contributing.. and don't waste my time coming back tom with a it's 25 cents I told you so.. Over the next month it will rise above 30.

Love

Yellow Snow