Ouch...SMNG reports having $248 in the bank, so we're not sure how the company is paying for all of these purported exploration and testing activities it reports, but we feel that if the prospect was even half as promising as the company would like you to believe, junior venture partners or even the majors would be lining up with open checkbooks. To date, none have been reported. What we do know is that company has a market cap of at least $ 6 million and seems a long way away from being able to justify that.
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