so the expectation is that the upgraded resource at mt rmk will arrive within the next couple of weeks, though it will represent only a mild increase rather than anything game changing.
down at kalman the potential low hanging fruit is being targetted in the next few months and together with a review of the existing resource there should provide a catalyst.
for a company with ~76kt contained cu, ~3m cash to sit at a mc of only ~12m, and one of the largest tenement holdings in the mt isa region, downside risk seems limited, even if cu isnt the flavour of the month atm.
SMD Price at posting:
11.2¢ Sentiment: Buy Disclosure: Held