These guys certainly seem confident, obviously arriving armed with sort of plan that goes a bit beyond the many interesting greenfield prospects. If I were them, I would be drilling around the depths of Kalman in the vicinity of the high grade hits they have already made. This has worked a treat for BTR in recent days.
The obvious analog is with IVA's Merlin, only Kalman is potentially better, with economic grades from surface, and larger. They just need to tip the economics in their favour slightly, a substantial high grade lode at depth, might do the trick. Then the market might finally value the rest of the resource at something greater than zero, as it currently seems to.
SMD Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
