Ann: Diamond hole testing conductor commences at Target 19, page-29

You do need a result. The nickel copper sulphides identified in drill spoils and in thin section can only get you so far and each capital raising is another roll of the dice given the market cap is already pretty high.

The hole was supposed to hit the top of the modelled conductor at pretty shallow depth so unless they had problems with the drilling they should be well past the target by now.

As always it is hard to know where the buying is coming from. People in the "know" or just speculators trading the perceived opportunity. I'd say they should have made an announcement by now if they had any serious visuals. Unfortunately my guess is that it is a miss or at best they'll find some disseminated sulphides or some stringer mineralisation. In which case and in my opinion that should already be factored into the market cap given that sulphides have been identified already and more serious drilling will take more money and therefore more dilution through more capital raisings.

Good luck however. A serious intersection is needed to add value from here. This week will tell. Maybe a miss with some down hole EM leaving some encouragement. But where does that leave the share price?

Eshmun
DYOR IMHO