SMO smc gold limited

this is the best buy for 2005

  1. 5,549 Posts.
    today announced that the right issue is done and they expect 60000 ounces by mid 2005 and by the end of 2005 120 000ounces per annum thats 2mil a month profit.
    plus copper as well
    11:58, Friday, 24 December 2004

    Sydney - Friday - December 24: (RWE Australian Business News) -
    SMC Gold shipped 774 Dry Metric Tonnes (DMT) of Copper Concentrate in
    November.
    The copper concentrate was delivered for an estimated value of
    US$440,126 (AU$587,000).
    The average grade of the concentrate shipped was 19.7% copper,
    3.34 g/t gold and 190.60 g/t silver.
    In mid November, plant production was delayed by an interruption
    to the water supply.
    The company has rectified the problem in early December – long
    term water availability is excellent.
    December production, which is normally reduced by the season’s
    activities, is expected to exceed 1,000 DMT.
    Notwithstanding the short-term water problem, the November
    outcome demonstrates that plant capability is increasing and that the
    production rate target of 1500 tpd by May 2005 remains on track.
    ENDS
 
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