thoughts on the announcement?, page-2

Hi Smiley.

I recently bought into SIM looking for a spec uranium play with potential income stream.

When buying low cap miners, the key is for early production so that dilution through the issue of more shares doesn't erode the value of your investment. This latest announcement is good in that it indicates the possibility that there will be an early gold mining operation. The location is also good because it makes for the possibility of toll miling which means that the Co does not have to finance all that processing infrastructure.

You would do well to appreciate that this is still a highly speculative stock with its uranium potential contingent on the granting of leases. On the other hand, if all goes well there is potential for considerable upside...

Hope this helps.