8.02.2012 Roulston says why to buy Smash Minerals
Smash Minerals Corp (C:SSH)
Shares Issued 24,276,390
Last Close 2/6/2012
.47
Monday February 06 2012 - In the News
Roulston says why to buy Smash Minerals
Lawrence Roulston, in the Jan. 31, 2012, edition of Resource Opportunities, tells readers why to buy Smash Minerals Corp., recently 39 cents. Mr. Roulston said buy on June 28, 2011, at $1.23. A $1,000 investment then is now worth $317. Smash is merging with Prosperity Goldfields, another junior gold explorer, on the basis of one Prosperity share for 1.6 Smash shares. The combined company will own Prosperity's Kiyuk Lake project in Nunavut and Smash's Whiskey project in the Yukon. Kiyuk Lake, south of Agnico Eagle Mines Ltd.'s 3.5-million-ounce Meadowbank gold mine, returned drill results last summer of 30.5 metres of 4.9 grams per tonne gold and 64 metres of 2.8 g/t. Whiskey drilling produced geologically significant but lower-than-expected results, leading to a fall in Smash's share price. With $8-million in working capital, the merged company will have enough funds to conduct follow-up drilling on both projects next summer. Mr. Roulston says that Smash's share price is quiet at the moment, as the field season is still months away and management is focused on closing the merger. He says now is "a good time for investors to be accumulating shares of Smash."
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