So many are questioning the move today, in simple terms it all comes down to the market value of the company. Now it stands at $70m which is very small for the market if the market thinks the company has uncovered a major Ni/Cu/PGE discovery.
Ive seen many companies trade north of $150m - $200m on speculation alone.
This if the case should happen SIR would be well north of $1.
Currently 45c is far from overdone on a speculative note.
Those that cant fathom whats happened should take a good lesson in the ways of the market and those that have backed their conviction like many of us did, we took the risk and i personally made a bloody fortune today, thanks to several posters on this thread that helped guide me to an understanding when it was below 25c and helped me make the decision to go in really really hard when the oppotunity presented itself.
Can SIR doubloe from this point???? If they keep striking high grade base metals and its widening at depth, it sure can!!!!!
This is how JBM and WSA started!
SIR Price at posting:
45.0¢ Sentiment: None Disclosure: Held
