I think upward of $50m is reasonable in the very short term. Then it comes down to the next round of drilling and what they uncover. My tip is the DHEM on the recent discovery hole finds a close by conductor, similar to what's happening at LEG, then they'll drill that and who knows? Good to remember this is only one target in a sea of others, there are 10 intrusions at minimum to test - the possibilities are exponential.
The reason the LEG discovery is of mass importance is that it validates the whole Fraser Range as a nickel province, not just a fluke (Nova).
And after LEG gets taken, there really aren't any other advanced players, GAL is the only real standout.
Ann: Fraser Range Exploration Update, page-20
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