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13,599 Posts.
469
23/04/22
00:17
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There are really three scenarios with this co - all based on it being a digger and driller and therefore, a spec.
The first is that they hit something big - Ni, Au or Cu. If they do, the sp will take an exponential move up.
The second is that they prove up enough resources to start mining. If so the sp will move up with the extent dependent on the underlying variables.
The third is that the sp slowly moves to the one cent mark and below.
I am of the view that both of the first two scenarios will play out.
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