On the Up, page-16

The smart ones want to get in because SMD has some really hot prospecting dirt here, being surrounded by big gold resources.
Besides that they are very good in exploration and would be the right team to find any gold hidden under that dirt.
They are only so cheap because they have copper resources but now they will be able to go for gold and that means the current valuation needs to be adjusted upwards.
We are seeing now the re-rating and well deserved imo.