RE:RE:RE:RE:Silly valuation!SMD has over $100 of resources per share and the value of the stock is less than $.25 per share.
SMD owns 40% of Broden Mining (after including SMD's ownershio of other companies 5%) Broden Mining Resources listed on internet zinc 5.4 B lbs, gold 870,000 oz., 111 M oz silver and 3.54 B lbs of lead. I come up with $18 B total. 40% = $7B or $54 a share. The resource includes all levels from inferred, proable, proven. Add in $20 M in value of other companies' stocks held, Terra co2 $20m plus 100 other properties they can sell or lease. They have well over $100 per share resource for a $.20 stock. This figure does not include those 100 properties listed above. probably more like $150. resource per share for a $.20 stock. WOW! Every 15-20 years the enviroment is right for a significant gold rally in gold stocks especially small cap gold stocks. Those elements are available now. Runaway inflation, falling stock market, low gold prices will encourage a new breed of investor/specultator to enter the gold stock market. The company has done a great job accumulating assets and keeping # of shares low but they must in my opinion do a better job of showing the value of this stock to the potential investors.