Happy,
Do you know what the resource of Flying Fox (owned by WSA) is? 1.8mt at 4.6% Ni. Western Areas in 2003 ran from a $30m mkt cap to $150m over 6 weeks on that discovery hole. Strangely enough the discovery hole was "only" 6.6m at 6.5% Ni. That was followed up by announcements that spoke of further massive sulphide intersected and then a 21m intersection of 7.8% Ni.
The scale here is potentially 5 times the size of Flying Fox. WSA has a mkt cap of $700m.. Yes, a pure Nickel miner with a $700m mkt cap. Grade is important.
I'm an advocate of taking some risk off at all times - But in the same breath, you gota know when to "hold em" too!!
This ones going higher.
- Forums
- ASX - By Stock
- SIR
- looks the real deal...
looks the real deal..., page-89
-
- There are more pages in this discussion • 111 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SIR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online