I think SMD is a very good punt (esp. at the current sp), and I really do think it could be a serious player - it certainly has the hallmarks of being one, if the Board play their cards right.
We do have the goods imo insofar as being in the right place & having lots of large tenements. We have ~2,500 sq. kms, whereas CDU has less than 20 sq. kms.
We have a very good Board with some pretty good skills & experience imo - ie; ex Sundance, Exco & Gindalbie.
We've been getting some reasonably good hits but need follow up drilling. We also have access to processing plants at Copperchem & Exco. This year we're doing geophysics & mapping and the big drilling starts next year.
We should have potential cashflow within 18-24 months, and I believe we could be one of the largest copper producers in Australia.
Some of our significant shareholders have deep pockets - one of which I'm sure will try a takeover down the track.
I'm expecting some major price movement north within the next 2 quarters.
Cash at bank as at September 2013 was $1.2m & we have ~204m shares on issue with a pathetic market cap of ... wait for it ...
~$9M. ... ...
Anyways, hope the above helps you out a little but I would suggest you do some (ASX announcements) research into SMD if you are looking to buy in.
Good luck in whatever you decide sj. (:
SMD Price at posting:
4.3¢ Sentiment: None Disclosure: Held
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