The interesting thing about yesterdays release was Fig 1 and the absence of any new Nova drill intersections. On the plan there are a lot of missing 25 x 25m drill centres. Are they pending or has the NOVA drill out been suspended/completed??? .Given ETA JORC release end of March and 6 rigs at Bollinger-Gravity drill out I expect no more Nova drilling at this stage.
With current data Estimated Indicated Reserve for Nova is 12 mill tonne @ 2.44%Ni, 1.16% Cu.
"Ovoid" Voisey Bay is about 141mill tonne @ 1.6%Ni.
So what we are really waiting for is the "Super Nova"
Hold and ride baby
SIR Price at posting:
$4.40 Sentiment: Hold Disclosure: Held