with the company trying to increase their resource potentially by 100% I think it is only a matter of time before smd is given a re-rate.With the top 10 holding almost 55% of shares on issue it wont take much to get the share price going! the grade of the copper they have makes a mining operation attractive, so if they can continue striking good grades the potential grows!
smd want to ensure they can prove up a large enough resource to warrant there own mining operation,eventually, therefor in my opinion along with the md buying shares at 16c surely investors will be on for a sweet surprise!
all just my opinion
SMD Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
