Good to see Pilbarra Minerals (PLS) came out with their favourable feasibility studies recently to the ASX market.
They have seen their SP greatly appreciate in recent weeks with upgrades and favourable economics with their Tantalum project.
SMDers also have a lot to look forward to over the next few weeks and months with lots of important news flow. Their first Copper sales are to commence mid next year. Feasibility studies due in Dec will be favourable to the market with a dropping Aussie dollar and rising base metal prices on the LME. I think we will see larger upgrades of very rare important Cobalt with larger Copper Reserves. Cobalt is in high demand with a growing electric car market particularly in China and the US and currently 31k on the LME. A cobalt economic cut off is usually around 0.1% or 100 ppm. A Cobalt grade of .18% is equivalent to 1.3% Copper. http://www.bhpl.biz
SMD have been hitting very large grades here between 200 to 798ppm.. I wouldnt be surprised to see the possibility of more Corner Stones investors in the next few months ahead on The SMD register.. Exciting times..
SMD Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
