Comment by MisterMarketon Aug 10, 2022 1:51pm
262 Views
Post# 34885623
RE:RE:RE:Silly valuation!
RE:RE:RE:Silly valuation!I would have liked to see SMD drill something this year but with the way things are it would have been money wasted. Instead they have a low key exploration program on 3 very prospective properties, anyone of which could be a winner. Hopefully this program will build suspense for future drilling.
Take a look at the June 2 /22 NR. Mint has a 300M in diameter target with a well mineralized stockwork and a large area to the south that should be looked at. Alotta, 40 km south of Casino, has a huge 4200 X 1500 M area pf porphry style metal zonation with high gold values throughout the grid and almost no outcrop. CD has a strong gold in soil anomaly uphill from a copper anomaly. THe copper in the anomaly was probably leached out and transported downhill from the gold anomaly. CD is 20 km west of RK's Klaza and has no outcrop.
No doubt this year's exploration will find things for further investigation but will do nothing for the share price other than firm it up a bit. Next year I would like Strategic do some drilling on the properties. Nothing moves the share price like some good drill core. A discovery or two would eliviate the boredom of owning SMD shares.