worth a small punt...

Low market cap provides upside if they find anything of note...

So worth a punt on the current drilling programme IMO.

Some real history with Mt Venn, which is probably creating more negative than positive sentiment...and when you add the obvious overhead from the recent CR at 0.009c, at current levels we get an opportunity for a relatively low priced entry.

I have noticed...just be patient on the buy side and someone will usually sell to you.

Given the history, it is perhaps understandable everyone is thinking Ni, but the copper might be the main game here.

None the less, this is a Ni region and the EM targets hold potential for Ni surprises.

I like target MVVA5...its a bit of a hail-Mary in my view and I like this approach...but all targets are interesting and untested...

"There is no historic drilling in this geological sequence in the vicinity of the Mt Venn prospect. The MVVA5 targets lies approximately 1.5km west of the Mt Venn intrusive gabbro-pyroxenite sill which occupies the Mt Venn geology.

Target MVVA6 is located within the Mt Venn sill, in the vicinity of historical gossan rock chip sampling sites collected by Tasminex towards the mid 1970’s, with assay values up to 13.2% copper and 1.6% nickel. Target MVVA6 is located approximately 300m north of the closest historic drill hole MVRC008.

Target MVVA7’s location is 900m WNW of MVVA6 and MVVA9 is 2km north of MVVA7 where no historic drilling has occurred this far north. These two holes are located towards the western basal zone of the Mt Venn sill, and near to the contact with the above mentioned geological sequence. This western basal zone is the same horizon of VTEM anomalism which Helix Resources had partially RC drill-tested in 2005."

No comparison to SIR here though in my opinion...but a neat little prospect, with decent EM targets and both Ni and Cu interest for me.

Any EM target that is discovered in a Ni/Cu conducive environment could just as likely be something significant, as it could not.

So...it is definately a spin of the dice, but with the recent CR at 0.009, this effectively becomes a floor for the price.

Some good results during the current "risk on" environment could surprise (plenty of hot cash floating about)...and with RC driling, they may decide to surprise by announcing visuals should they intersect anything of note?

Good luck all.

Cheers!