ignoring the "fog of war"...this looks ok..., page-50

Hi Prestonian,

I get stuff wrong all the time. But I have a motto. It's not a mistake if you learn from it, then it's a lesson.

My point at the time about SIR was about a single hole with no assays vs market cap in a dead speccy market.

A few things have changed. SIR have assays results in and more drill results in, and they are pretty good. Also, the speccy market has continued to improve.

That said, I still think SIR is overvalued given the current market conditions. I have no doubt SIR have a great deposit, but for the price you could buy two existing Australian Nickel producers that both have no debt and cash in the bank. You would still have money left over to buy MEU, MOX, KDR and VOR. For me it is all about the value.

Just in regards to KDR. These are fresh drill holes, only just in, and currently waiting on diamond hole assays. On top of this there are historic holes as well. Plus, they are drilling around/underneath one of Australia's highest grade historic copper mine (Home of Bullion).

VOR's drill hole started at 30m deep and KDR's was 95m deep (but the historics were shallower).

As I said, SIR, PEX, MEU etc etc are showing that life is coming back to the spec market, and that is good for all of us.

BTW, myself and T4P have been talking about this on HC for many years. CDU to $10... etc etc... And hopefully everyday I learn a little more.