Right on King James,

If one even looks at the valuation of just the Marudi Mountain project in Guyana and adds to that the future plans Bending and the crew have, you could see a HUGE upside.

For example, SMH invests in Romanex to gain 50% of interest in the Guyanese company likely either now or by the end of the year. Their further investment will allot them 75% shortly afterwards. In the meantime, they have an agreement with Rexma to get 10% gross proceeds of its surface mining (the way i read it).

So that basically means that at as little as 3g/tonne (.1 ounce/tonne), a production rate of 330,000 tonnes ( at 2.7 tonnes/ cubic meter) annually and a conservative gold cost of $800/ounce (assuming all the refined gold will be sold), then 10% equates to over $2.5 million US to SMH annually. A 6 year contract with production rates maxing out at say 1.6 million tonnes around year 3 would bring in over $12 million US to SMH annually. We don't know the projects required rate of return, but pegging it to inflation around 3%, the 6 year project could bring over $46,000,000 US to SMH. At only 56,000,000 or so fully diluted shares, this project alone could valuate SMH at close to $1 per share.

Bending has other excellent plans. It doesn't take too much to see that he wants Rexma to take the top layer of alluvial deposits off so that he could see what is underneath. $1 valuation is only the beginning. It won't be long before the market recognizes this....