Bradley Smith says he is finally beginning to show his true potential in MotoGP following a stunning runner-up finish at Misano.

Smith penned a new deal with the Monster Yamaha Tech 3 team to remain in Herve Poncharal's outfit in 2016 and feels fortunate he has been given the time to demonstrate his capabilities in motorcycle racing's premier class.

"People have the right to their own opinions and I've only shown my true potential so far this season," said Smith.

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"I was lucky that I got the opportunity for three years to be able to show it because I didn't do a very good job in my first 18 months in MotoGP, so now I'll say I'm still improving race by race and the Monster Yamaha Tech 3 team is the best place for me to be for next year.

"We'll see what happens when it's contract time and we'll see how much people think of me when it's contract time next year."

Smith said the smooth characteristics of the Yamaha M1 enabled him to stay upright at the Marco Simoncelli Circuit on slick tyres in the wet as the British rider made a gamble that reaped dividends, delivering the second MotoGP podium of his career.

"It was really difficult [on slick tyres]. Already when Scott [Redding] made the mistake it was tough, but the grip wasn't as bad as I expected it to be," Smith said.

"I could be quite smooth with the bike and the Yamaha is quite a friendly bike anyway, so I just made my around the track and at one point I thought 'this is silly' because it was too much of a gap really.

"I never expected to even be on the podium; when you see P21 on your board you can't expect that you are going to win but then when I saw P2 I understood quite quickly that Marc was only just in front," he added.

"I pushed quite hard for the next five or six laps, then Marc found his speed and the gap remained the same. It was just then in the last five laps about bringing the bike home and managing the gap to the guys behind me."