I think it's more the fact the vendor wants in. Depending on where the SP trades & SOI, they could have anything from several hundred thousand to a few million shares in several years. Putting them in the Top 20.
We should know more over the coming months about the drilling. I believe Matt mentions they're going straight to diamond drilling. No RC.
Several nickel companies on the ASX with MC over $100 million sitting on only a few hundred thousand tons of nickel @ 2% or more. IMO it will be the quantity & purity that will determine where the SP will go.
Just Google the typical siemens target for other nickel deposits to understand what might be under the feet of NKL. Matt says NKL has a 15,000 siemens reading in one of those above interviews.
NKL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
