Ex-mouth may take some time but what is more immmediate is their Mt. Isa jv with Kings Minerals.
Even after their dilution to 30% in the jv, the first resource estimate that came out recently from the drilling program by Kings would give SMD an insitu value of just over a $1B of minerals.
Not bad for a newly listed junior.
With the on-going infill drilling by Kings, that figure should increase very quickly.
timeframes, page-2
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