RE: At These PricesI don't fully agree ..... there are apparent risks ! ( no bashing)
The word on the street is that maybe the Sask coal play will be a challenge for alot of the Jr. companies that don't have their permits in place .... something to do with the Govt Dept moving the goal posts......
Secondly , Management ...... who are these guys .... have they ever put a mine in production or better yet .... proved up an ore body and sell it off to a Snr or Major for premium ....
Mind you it is a good play ...... to follow a discover namely GXS ......
SMI is highly speculative as like the rest of the 2000 + jr explorers .....
Lastly ..... do you bet on the horse or the jockey ?
In these markets I prefer to bet on both ...
Example of one of my bets is CTG - TSX.V George Heard CEO x BHP Mining Engineer ( 9 years) has put into production numerous mines ...... last one with BHP was a $800,000,000 coal deal with Rio Tinto in Indonesia .....
He's on his second gold/silver mine into production with CTG ..... earnings earnings !!!!!
That's reducing risk !