I only hold a small dollar amount in SMD, and am happy to do so.
At an EV of less than $4m, and with the cash to continue drilling, and two significant projects, it is a good speculative stock, IMO.
It is worth noting in the quarterly out today the following report from the Barbara copper project:
"Copper sulphide (chalcopyrite) mineralisation visible in all holes completed in a step out RC and diamond drilling program at the Barbara copper project..."
To my knowledge, this is the first time that this news has been released. (It would've been worth a separate release, IMO, but I guess it was so close in timing to the quarterly...).
Assays for these intersections are due in a few weeks, but it sounds like they have got some very high grades here. DYOR on chalcopyrite...
Also note director buying at current prices over the last 6 months.
I can see a lot of upside, and not very much down..
Y
SMD Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
