It hasn’t taken long for all of the pushers and urgers to jump onto this site and some are making very irresponsible posts. For example – “This is a massive find. It's like 3 x the size of Nova's conductor!” For God’s sake – they have only found a conductor to date.
Do these posters really understand what a conductor is? I suggest you have a look at the history of Classic Minerals (CLZ). They had conductors everywhere but their share price is now 1.3 cents and they have very little cash in the bank. In short, every conductor is not loaded with nickel sulphide – many are composed of other types of metals or even water.
A wise man has suggested to me that any more nickel finds in the Fraser Range area will only occur on the North-East trend line from Nova. Winward’s conductor is nowhere near that trend and is probably South-East of Nova. Also it appears that no surface work has been done in the area to see if there are any other indicators for deeper occurrence of nickel. Only time and drilling will tell.
A few old sayings come to mind:
all that glitters is not gold
fools rush where angels fear to tread
I would love to see another nickel find in this area as it would be a great boost for the junior miners. In the meantime please do your homework before you believe everything you might read from ill-informed market pushers.
PS – I am not an investment guru but I was around for a previous nickel boom when Poseidon went from 2 cents to $300.00 – the end result was not pretty!
WIN Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
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