20 MLN OZS
After owning SMF since 2002, and accumulating through thick and thin, I was extremely impressed with the last presentation in Toronto. The Geological structure which runs for 70kms seems to indicate that there could easily be 20Mln ozs here, (or more). Although Benoit LaSalle could obviously not say this, there was clear indication that there is a similar structure for an extremely large area, and current reserves are not close to reflecting the potential of the Wona-Nyafe structure.
The focus of SMF right now is to accelerate scoping studies and prove reserves as this is the fastest way to improve valuation. I have heard the number 5 bantered around a lot on this site, but the number 10 looks a lot more realistic than ever before.