Nickel Sulphide is something not too common, and people search for years to find it.
GBR nailed it on first hole at Mt.Venn, then every hole after produced nickel sulphides.
Nova went 5c to $5 in a few months on their once in a generation discovery. So that was the.....hope.
They went for the source of the Ni Sulphides and didnt find it, hence the SP drop and went for easier, cheaper targets. Stephen Murphy (MD) who is a iron ore guy, left to go back to IO, and Patto was brought it and pivoted to gold. He's doing a great job I reckon and glad we have him.
They would need anywhere from 8m to 16m to drill out Mt Venn properly to find the Ni motherlode and hence they are looking at JVs.
Still - a MASSIVE MASSIVE target. If they get up with Whiteheads/Sidewell and raise maybe they will have another crack or better JV it.
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